LastPass Data Breach Settlement: How to Claim Your $500

Canadians affected by the 2022 LastPass data breach can now claim up to $500 for out-of-pocket expenses or compensation for wasted time.

A class-action lawsuit regarding the 2022 LastPass data breach has reached a settlement. If you are a Canadian resident who used LastPass and had your data compromised, you may be eligible for a payout.

The court has approved a settlement fund of US$3 million (approximately C$4.13 million) to resolve claims that the company failed to adequately protect user information.

While the settlement has been approved, LastPass denies any wrongdoing or liability.

Who is affected

You are part of this settlement if:

You are a Canadian resident.
You were a LastPass user at the time of the 2022 data breaches.
You had your data compromised or stolen.

What you can claim

There are three main types of claims available for Canadians:

1. Wasted Time You can claim compensation for the time you spent dealing with the breach.

Rate: C$34.01 per hour.
Limit: Up to 5 hours.
Maximum Payout: C$170.05.

2. Out-of-Pocket Expenses You can claim reimbursement for money spent to protect yourself after the breach.

Expenses: Credit monitoring, identity theft protection, or similar services.
Limit: Up to C$500.
Requirement: You must prove these expenses were incurred before May 31, 2023.

3. Stolen Crypto Assets There is a specific category for losses related to stolen cryptocurrency.

What you should do

To receive money, you must take action before the deadline.

Check your eligibility: Ensure you were a LastPass user during the breach period and are a Canadian resident.
Gather proof: Find receipts for any credit monitoring or identity protection services you bought before May 31, 2023.
File a claim: Submit a claim form online.
Meet the deadline: You must submit your form before June 23, 2026.

Bottom line

If you were a Canadian LastPass user affected by the 2022 breach, you have until June 23, 2026, to file a claim for up to C$500. Make sure you have receipts for any expenses claimed.

Source: BlogTO