topic Re: Prosper Data Breach Mass Arbitration in Credit in the News

Prosper Data Breach Mass Arbitration

AndrewF — Tue, 17 Feb 2026 23:05:15 GMT

I noticed on Facebook that there is a mass arbitration against Prosper, that financial company that is always sending me offers for high interest loans on Credit Karma.

It says that lawyers have put together a mass arbitration against them that could potentially cover over 17.6 million Americans that either applied for or received a loan from Prosper, and gave them information that was later in a data breach.

The figures it quoted were roughly $500-1000 per person if you were impacted.

https://www.classaction.org/data-breach-lawsuits/prosper-september-2025

Although I don't qualify for this one, I suppose some of the people reading this might since they deal in personal loans, credit cards, and HELOCs.

I keep a close eye on class action settlements and things like that because sometimes they end up owing me a lot of money.

(The other day I even got a check for $1,262 in the mail because the police misused my biometric data in violation of State law in 2019. I laughed and used it to finish paying off the hospital for my surgery last year. The last three accounts were PIF today.)

Re: Prosper Data Breach Mass Arbitration

crystal626 — Wed, 18 Feb 2026 02:27:42 GMT

My info was in this breach and I don't remember ever giving it to them.

Unfortunately, I'm not in one of the eligible states.

Re: Prosper Data Breach Mass Arbitration

citymunky — Wed, 18 Feb 2026 07:30:40 GMT

@AndrewF wrote:

https://www.classaction.org/data-breach-lawsuits/prosper-september-2025

Is this a legit website? It seem scammy.

Re: Prosper Data Breach Mass Arbitration

AndrewF — Wed, 18 Feb 2026 19:23:42 GMT

@citymunky wrote:
@AndrewF wrote:

https://www.classaction.org/data-breach-lawsuits/prosper-september-2025

Is this a legit website? It seem scammy.

I've used it for years. There's various websites that track class action lawsuits and settlements so you know what to look out for. I find some extra money quite often, and it usually turns out to be anywhere from a few hundred to a couple thousand dollars every year. Maybe $1,000 a year average, between me and my spouse.

Re: Prosper Data Breach Mass Arbitration

DONZI — Wed, 25 Mar 2026 11:24:15 GMT

@AndrewF thanks for this.

Data breaches are such a drag.. and the way the internet has become infrastructure, yet remains like a plastic shackle on a padlock, it's frustrating to think about but an important thing to know about.

Sadly, these attempts to remedy breach damages are not going to fix the the cancer.

Re: Prosper Data Breach Mass Arbitration

AndrewF — Wed, 25 Mar 2026 23:59:23 GMT

The funny thing was that much older operating systems were pretty secure, more secure than what cloud providers offer today.

Wells Fargo's online banking was the best when the backend was on Solaris 8. And the US Senate ran their site on "SunOS" which was the name of Solaris from before it was Solaris, SunOS 4.

The Senate was using that until the 2010s.

Why would you use something that old? If it works and it's stable, you should leave it alone.

Server operating systems don't need a lot of bling bling. They're not like consumer operating systems.

You don't want a lot going on under the hood. You want the applications you're invested in to work and you want security.

Re: Prosper Data Breach Mass Arbitration

DONZI — Thu, 26 Mar 2026 00:02:59 GMT

..depends on what 'cloud' is used and how much the user knows about the 'magical' internet, data security and so forth.

Nothing but a black box to millions..

KISS (Keep it simple stupid) still has value among seemingly complex things. It's hard sometimes to not overthink things though.. and convenience seems to always have an unresistable advantage among people despite all other variables.

Re: Prosper Data Breach Mass Arbitration

JamesS84 — Thu, 26 Mar 2026 15:21:49 GMT

Good lookin out. Kinda ironic that all of this is happening to “Prosper” lol.
By the way, how much effort goes into participating in these kinds of suits. I like the sound of the check - even more so if it’s easy.