Have you received a letter or an email from Horizon Actuarial Services LLC, offering you a payment of $25 or more as a result of a data breach that occurred in 2021? If so, you may be wondering if this is a scam or a legit offer.

In this article, we will explain what the Horizon Data Settlement is, how it affects you, and Is Horizon Data Settlement Scam or Legit? The Horizon Data Settlement is a class action lawsuit that was filed against Horizon Actuarial Services LLC, a consulting firm that provides services to employer-sponsored benefit plans.

Horizon Data Settlement

Horizon Data Settlement is a legal action that resulted from a data breach at Horizon Actuarial Services LLC, a consulting firm that provides actuarial and other services to employer-sponsored benefit plans. The data breach occurred in November 2021 and affected approximately 100,000 individuals who were enrolled in 25 multiemployer benefit plans. The breach exposed personal and sensitive information of the participants, such as names, addresses, dates of birth, Social Security numbers, and benefit amounts.

The lawsuit alleged that Horizon failed to implement adequate security measures and comply with relevant laws and regulations to protect the data. The settlement was reached in November 2023, with Horizon agreeing to pay $7.75 million to the affected class members. The settlement also includes injunctive relief, such as requiring Horizon to improve its data security practices and undergo independent audits. The settlement is subject to final approval by the Court, which is scheduled for March 25, 2024.

What is Horizon Data Settlement Scam

Lately, lots of folks have been getting letters from Horizon Actuarial Services. These letters are asking for personal details such as your full name and address. This has got many people wondering if these letters are actually real.

Some folks are suspicious and think it might be part of a scam related to the Horizon data settlement. It feels a bit like phishing, where the letters resemble ones sent by other companies, like the National Math + Science Initiative.

Beware of Fake Horizon Data Settlement Emails

The company didn’t tell its employees about their exposed data for a long time. Because of this, they have to make it up to the people affected by the data breach. Those affected are now part of a group that’ll get money from the company as compensation. Horizon has to pay $7.75 million to improve its data security.

Each person in this group will get $25 to make things a bit better for them. Horizon reached out to over a million people through emails and letters. They explained about the money they’re giving out to make up for the data breach. But there’s a problem—some people are using this to trick others. They’re sending fake emails pretending to be from the company to steal from people.

Horizon Data Settlement Scam or Legit?

The Horizon Data Settlement is Horizon’s way of making things right after a data breach in 2021. They had trouble keeping sensitive information safe. To make up for it, they sent emails to a million people, promising $25 each.

However, there are scammers pretending to be Horizon. They’re trying to trick people into giving away their personal details. So, be careful if you receive a Horizon Data Settlement Letter. There are ways to tell if it’s a scam.

Firstly, scams often mention money to catch your attention. They might create a sense of urgency by setting a deadline for you to respond. To spot a scam, check for real contact details and the official website. A genuine Horizon settlement letter will give you all the information openly.

Make sure to verify the settlement process, how they calculate payments, and who’s eligible. If it’s legit, they’ll provide clear and transparent details.

Frequently Asked Questions

Conclusion

In this article, we have explained what the Horizon Data Settlement is, how it affects you, and whether it is a scam or a legit offer. The Horizon Data Settlement is a class action lawsuit that was filed against Horizon Actuarial Services LLC, a consulting firm that provides services to employer-sponsored benefit plans, after a data breach that exposed the personal and financial information of about 100,000 individuals in 2021.

However, there are also scammers who are trying to take advantage of the situation by sending fake emails and letters to trick people into giving away their personal details. Therefore, it is important to be careful and verify the authenticity of any communication that you receive from Horizon or the Settlement Administrator.