$1.2M First Financial Security Settlement Wraps Up Class Action Lawsuit Over October 2023 Data Breach

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First Financial Security has agreed to a $1,200,000 settlement to conclude a class action lawsuit that alleged the insurance brokerage agency failed to protect the private information of its customers and agents from an October 2023 data breach.

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The $1.2 million First Financial Security class action settlement received preliminary approval from the court on April 28, 2026. The agreement covers all individuals whose private information was compromised in the October 2023 data breach.

Court documents state that approximately 100,000 people are covered by the class action settlement.

The court-approved website for the First Financial Security data breach settlement can be found at FirstFinancialSettlement.com.

First Financial settlement class members who file a timely, valid claim form can receive up to $500 for documented out-of-pocket losses stemming from the breach. This benefit covers expenses such as bank and credit card fees, internet usage charges, cell phone charges and postage, as well as the purchase of credit reports, credit monitoring or identity theft insurance.

Class members must submit proof, such as bank statements or receipts, to receive a documented-loss payout.

As part of this benefit, class members can also receive compensation for up to three hours of lost time spent responding to the breach, at a rate of $20 per hour, subject to the $500 cap on cash payments.

The final amount of each class member’s cash payout may be reduced depending on the number of valid claims filed, among other factors.

To file a First Financial settlement claim form online, class members can head to this page and enter the login ID and PIN listed on their copy of the settlement notice. Alternatively, class members can download a PDF of the claim form to print, fill out and return by mail to the settlement administrator.

All First Financial settlement claim forms must be submitted online or by mail by July 20, 2026.

Finally, all class members are eligible to receive two years of CyEx Medical Shield Complete, which includes credit monitoring and identity theft insurance. Class members can find an enrollment code on their copy of the settlement notice, which can be entered here to redeem their Medical Shield subscription. Subscriptions will become active after the settlement receives final approval.

The court will determine whether to grant final approval to the First Financial class action settlement following a hearing on November 9, 2026. Compensation will begin to be distributed to class members only after final approval is granted and any appeals are resolved.

The First Financial Security class action lawsuit alleged that the national insurance brokerage agency failed to implement reasonable cybersecurity safeguards to protect consumers’ sensitive information, which led to a data breach on or around October 17, 2023.

Per court documents, private information potentially compromised in the breach included names, Social Security numbers, addresses, dates of birth, medical information and phone numbers.

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