Website allows filing of claims by those affected by Wendy’s data breach

Financial institutions affected by the data breach at Wendy’s restaurants can now file their claims and find additional information at a website established as part of the settlement of that case, wendysfidatabreachsettlement.com. It contains a mechanism for filing claims, as well as additional information, frequently asked questions, a list of important deadlines and court documents.

Claim notices were mailed to known affected institutions but any institution who had affected cards may make a claim. Financial institutions have until Sept. 30 to file claims. Valid claims will be paid based on the total number of alerted on cards for this breach.

On Feb. 26 the U.S. District Court for the Western District of Pennsylvania granted preliminary approval of a proposed settlement in First Choice Federal Credit Union v. The Wendy's Company, a data breach lawsuit brought by CUNA, leagues and credit unions affected by the 2016 breach.

A final approval hearing will take place Nov. 6.

Under the terms of the settlement:
• Wendy’s will pay $50 million into a fund to compensate financial institutions that issued payment cards that were alerted on cards in connection with the data breach;
• Wendy’s will adopt and/or maintain certain data security measures; and
• Financial institutions will be able to file claims for reimbursement without requiring supporting documentation.