First Financial Security Data Breach Class Action Settlement

What is the First Financial Security data breach settlement about?

First Financial Security Inc. is a life insurance, annuities, and financial services provider. On or around October 17, 2023, the company experienced a cybersecurity incident that exposed the sensitive personal information of approximately 100,000 customers, including Social Security numbers and other personally identifiable information (PII).

Plaintiffs filed the class action Price v. First Financial Security Inc., et al. in the U.S. District Court for the Central District of California, alleging the company failed to implement adequate cybersecurity safeguards and did not promptly notify affected customers. First Financial Security denied wrongdoing but agreed to a $1.2 million settlement fund. The court granted preliminary approval on April 28, 2026, with a final approval hearing scheduled for November 9, 2026.

Individuals who received a data breach notification letter from First Financial Security on or about October 17, 2023, have until July 20, 2026, to file a claim. Compensation includes up to $500 for documented out-of-pocket losses (including up to 3 hours of time at $20/hour) plus two years of free credit and medical monitoring through CyEx Medical Shield Complete.

Who qualifies to file a claim?

• You received a data breach notification letter from First Financial Security Inc. on or about October 17, 2023.
• Your personal information — including Social Security numbers or other sensitive PII — was compromised in the October 2023 data breach.
• For reimbursement of out-of-pocket losses: you must provide documentation such as bank statements, credit card statements, receipts, or invoices for expenses directly linked to the breach, subject to a $500 cap on total cash payments.
• For lost time compensation: you may claim up to 3 hours at $20 per hour for time spent responding to the breach — no receipts are required for the time component, subject to the overall $500 cash cap.
• All eligible claimants also receive two years of free credit and medical monitoring services through CyEx Medical Shield Complete.

How to file a claim

1. 1Visit the official settlement website at FirstFinancialSettlement.com.
2. 2Locate your breach notification letter from First Financial Security Inc. (sent on or about October 17, 2023) — your personal information on the notice will help verify eligibility.
3. 3Complete the online claim form with your personal information.
4. 4If claiming out-of-pocket losses, gather supporting documentation — bank statements, credit card statements, receipts, invoices, or bills that show breach-related expenses.
5. 5For lost time (up to 3 hours at $20/hour), describe the hours spent responding to the breach; no receipts are needed for this component.
6. 6Submit your claim online at FirstFinancialSettlement.com or by mail to: First Financial Data Incident Settlement, P.O. Box 25226, Santa Ana, CA 92799-9958, by July 20, 2026.
7. 7Enroll in the two years of free CyEx Medical Shield Complete credit and medical monitoring available to all class members.

Is the First Financial Security settlement legit?

Yes. The First Financial Security data breach settlement is a court-supervised class action overseen by the U.S. District Court for the Central District of California (2:24-cv-10985-MCS-RAO) and administered by an official settlement administrator. You file your claim directly with the administrator and keep 100% of any payment — Payout never takes a cut. The fastest way to avoid missing this and other settlements you qualify for is to let Payout match and file for you in minutes.