After cyber attack: 1.6 million affected people demand up to $2,500!

After cyber attack: 1.6 million affected people demand up to $2,500!

A $6 million settlement is available to help approximately 1.6 million affected individuals in a lawsuit against an insurance claims servicer and several insurance companies. This emerges from information published on October 22, 2025. The case arises from a 2024 cyberattack on the third-party life insurance and annuity provider known as Landmark Admin, LLC. This attack obtained sensitive information including names, social security numbers, financial account information, driver's licenses, and health insurance information report et the Daily Hodl.

The lawsuit was filed in Dallas County, Texas, and names Landmark Admin and six insurance companies as defendants. The accused companies include American Benefit Life Insurance Company, American Monumental Life Insurance Company, Capitol Life Insurance Company, Continental Mutual Insurance Company, Liberty Bankers Life Insurance Company and Accendo Insurance Company. The lawsuit accuses Landmark of implementing inadequate cybersecurity measures, which ultimately led to identity theft and fraud for some victims.

Compensation details

Affected individuals have the option to claim up to $2,500 for documented losses such as those caused by fraud or identity theft. For those unable to provide documentation, an estimated $30 cash payment will be offered unless funds are exceeded. Those affected are encouraged to submit their applications either online or by mail by December 26th. Additionally, appeals or exclusions must be received by November 25th.

Although Landmark denies any wrongdoing in this matter, the company has still decided to reach a settlement to avoid further litigation. The final approval hearing for the settlement is scheduled for Jan. 29, and many of the 1.6 million people affected are expected to benefit from the settlement.

Context and implications

This case raises questions about cybersecurity at insurance companies and is another example of the far-reaching consequences of data breaches. Disclosure of sensitive data can lead to serious consequences for those affected, who may face identity theft and financial loss.

The relevance of this case remains high as it shows how important it is for companies to implement effective security measures to protect personal data. The lawsuit highlights not only the responsibility of companies, but also the need for consumers to be vigilant when it comes to protecting their sensitive information.