USAA, a financial services company catering to military members and their families, has settled a $3.25 million nationwide class action lawsuit over claims that it failed to prevent a data breach in 2021 that compromised sensitive personal information. The lawsuit was filed by individuals whose information was accessed, stolen, or compromised due to this data breach, which was identified around May 6, 2021. The plaintiffs alleged that USAA did not employ reasonable cybersecurity measures to protect their data. While USAA has not admitted any wrongdoing, they have agreed to the settlement to resolve these allegations. The implications of this lawsuit are significant, as it sheds light on the importance of stringent cybersecurity measures in the financial industry to protect personal information. The settlement agreement allows for class members, those affected by the breach, to receive an equal share of the net settlement fund, the exact amount depending on various factors such as the number of participating class members and amount deducted for fees and costs. This case serves as a reminder of both the financial and reputational damage that can occur from data breaches, and underscores the necessity of robust data security practices in an increasingly digital world.