Extensive Data Loss at RINA Accountants & Advisors – $400,000 Settlement

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The accounting and consulting firm RINA Accountants & Advisors has agreed to a settlement to resolve a data loss scandal. The data breach occurred in 2022 and resulted in the exposure of sensitive personal information, including Social Security numbers of thousands of customers. The court-approved settlement of $400,000 marks an important step toward compensating those affected and rectifying the security breach.

Compensation and Financial Remedies for Victims

Victims can claim comprehensive compensation for proven economic losses, with a maximum payout of $10,000 per person. This allows those affected to offset financial damages directly resulting from the data loss. According to NS3.AI, the agreement provides a transparent structure for claims, ensuring fair compensation for all impacted individuals.

Long-term Protection Measures Against Identity Theft

In addition to financial compensation, all affected individuals will receive a comprehensive protection package. This includes three years of free credit monitoring and extensive identity theft prevention measures. Additionally, a insurance policy valued at $1 million will be provided to protect victims from further financial damages. These measures aim to ensure long-term security against credit fraud and other identity-related crimes.

Important Deadlines for Claims

Those affected must submit their claims and any objections by March 24, 2026. This gives them approximately five weeks to gather necessary documentation and file their claims. The court has scheduled the final approval of the entire settlement for May 14, 2026. This timeline ensures a prompt handling of the data loss case and allows for the quick commencement of payout distributions.

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