Here's what’s current on Fidelity data breach settlements.
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Massachusetts settlement: Fidelity Brokerage Services will pay $1.25 million to settle allegations by Massachusetts regulators that it failed to adequately safeguard customer data in the 2024 breach. The agreement notes gaps in notification and response, but Fidelity did not admit or deny the findings [PlanGuard/Plan Sponsor coverage tied to Massachusetts regulator action]. This is separate from any class action resolution. [Plan Sponsor: Fidelity to Pay $1.25M to Settle Massachusetts Claims from 2024 Data Breach] [Plan Sponsor: Fidelity to Pay $1.25M to Settle Massachusetts Claims from 2024 Data Breach] (as reported 2026-04-26)
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Class action settlement: Fidelity Investments reached a proposed settlement of $2.5 million in a related data-breach class action. The settlement provides cash compensation to eligible claimants (with caps up to $5,000 per claim) and two years of credit monitoring/identity theft protection services, including up to $1 million in coverage. The breach occurred in August 2024, affected a large number of individuals, and notification to victims occurred in October 2024. The company characterized the breach as involving personal information rather than direct Fidelity accounts. This settlement was reported in March 2026 in several outlets. [Benzinga: Fidelity Reaches $2.5M Settlement Over Data Breach] [PSCA: Fidelity Settles Data Breach Case for $2.5 Million] [ClassAction.org: $2.5M Fidelity Investments Settlement Ends Litigation Over Aug. 2024 Data Breach] (reported dates February–March 2026)
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Additional context: There have been broader reports of class-action settlements and related actions tied to Fidelity’s 2024 breach, with multiple outlets noting the $2.5 million settlement and the related Massachusetts action for $1.25 million. Some outlets emphasized that the breach involved unauthorized access to data between August 17–19, 2024, and that notification timing varied. [Bloomberg Law coverage of class action settlement] [NAPA Net/PSCA summaries] [Plan Sponsor coverage on Massachusetts settlement] (late 2025 to early 2026 reporting)
Would you like a concise side-by-side summary table of the two settlements (amounts, affected individuals, what’s covered, and notification timelines) or links to the primary sources for each settlement? I can also help identify which current Fidelity customers or affected individuals might be eligible based on the settlements. Citations can be provided for each item if you want.
Sources
Fidelity Brokerage Services will pay $1.25 million to resolve allegations by Massachusetts regulators that it failed to adequately safeguard customer data, allowing an alleged 2024 breach that exposed sensitive personal information of thousands of clients and related individuals. The settlement, announced Monday by William Galvin, secretary of the commonwealth of Massachusetts, stems from an August 2024 data breach in which a third party gained unauthorized access to documents containing...
www.plansponsor.comFidelity Brokerage Services will pay $1.25 million to resolve allegations by Massachusetts regulators that it failed to adequately safeguard customer data, allowing an alleged 2024 breach that exposed sensitive personal information of thousands of clients and related individuals. The settlement, announced Monday by William Galvin, secretary of the commonwealth of Massachusetts, stems from an August 2024 data breach in which a third party gained unauthorized access to documents containing...
www.planadviser.comThe parties to a lawsuit that had sought to hold Fidelity to account for what it termed a “massive and preventable data breach of Defendant’s inadequately protected computer network” have come to terms.
www.psca.orgThe firm took pains at the time to state that the intrusions did not involve access to Fidelity accounts.
www.napa-net.orgA $2.5M Fidelity Investments settlement offers cash and credit monitoring to those who may have been affected by an Aug. 2024 data breach.
www.classaction.orgFidelity Investments has reached a proposed $2.5 million settlement in a class action lawsuit concerning an alleged data breach.
www.benzinga.comFidelity Investments has agreed to settle allegations it failed to adequately secure its computer systems, leaving more than 75,000 clients vulnerable to a data breach.
news.bloomberglaw.comWhen news of a firm-related data breach eventually makes it to the dinner table, a financial advisor and a longtime client have a specific type of conversation. The advisor makes a call. There are assurances given. The client, who has frequently trusted the organization for decades, listens courteously but senses a change. They view the
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