$400K RINA Accountant & Advisors Settlement Resolves Class Action Lawsuit Over February 2022 Data Breach

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RINA Accountants & Advisors has agreed to pay $400,000 to settle a class action lawsuit alleging that the accounting firm failed to adequately safeguard the private consumer information stored in its systems, resulting in February 2022 data breach.  

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The RINA class action settlement received preliminary approval from the court on December 19, 2025 and covers all individuals whose personally identifiable information, including Social Security numbers, was compromised in the data breach disclosed by RINA on or around August 1, 2022.

The court-approved website for the RINA data breach settlement can be found at RINADataBreachSettlement.com.

Settlement documents state that RINA settlement class members who submit a valid, timely claim form have two options for monetary reimbursement.

Class members who submit with their claim form proof of documented economic losses due to the breach are eligible to receive a cash payment of up to $10,000 in reimbursement. The agreement explains that economic losses must have occurred on or after February 28, 2022, involved the misuse of personal information, including Social Security numbers and cannot have been previously reimbursed by any third party.

In lieu of a documented economic payment, class members may instead file a claim to receive a one-time cash payment for reimbursement of non-economic losses incurred as a result of the breach. Settlement documents say this payment will be a pro-rated share of what remains in the settlement fund the payment of attorneys’ fees, settlement administration costs, lead plaintiff service awards, and all other settlement benefits.

In addition to any monetary benefits, court documents state that all settlement class members may also submit a claim form to enroll in two free years of CyEx credit monitoring, which includes dark web monitoring, identity theft insurance, and fully managed identity recovery services. Class members will receive an enrollment code and related instructions from the settlement administrator after final approval of the settlement is granted, the agreement adds.

To submit a RINA settlement claim form online, class members can visit this page and enter the unique ID and PIN as found on their copy of the settlement notice, then select whether they are submitting a claim for reimbursement of economic expenses or non-economic losses.

Alternatively, class members can download a PDF of the reimbursement form, or non-economic losses claim form, to print, complete, and return by mail to the settlement administrator.

All RINA settlement claim forms must be submitted online or postmarked no later than March 24, 2026.

The court will decide whether to grant the RINA settlement final approval at a hearing on May 14, 2026. Compensation will begin to be distributed only after final approval has been granted and any appeals have been resolved.

The RINA class action lawsuit claimed that the accounting and consulting firm did not adequately protect the personal information stored on its system, which led to a cyberattack on or around February 28, 2022 that may have exposed the Social Security numbers of its clients to an unauthorized third-party. The lawsuit further argued that RINA should have known that the personal information it collected and stored would be a valuable target for cybercriminals, but failed to implement proper cybersecurity measures.

Did you know that some class action settlements require no proof to submit a claim? Check out the latest class action settlements.