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(CNN) Equifax data breach victims who filed for a $125 settlement check will have an opportunity to change their selection and opt for free credit monitoring instead. The move follows a torrent of consumer requests for cash payments from the embattled credit company.
The Federal Trade Commission said in July that Equifax has agreed to pay at least $575 million and up to $700 million to help compensate victims of hackers who stole personal data from Equifax servers.
Despite the FTC pushing people away from an Equifax cash payout, there's a good chance you'll get all $125. Eventually. Last week, Equifax agreed to a $575 million up to $700 million settlement over its major 2017 data breach.
A federal judge gave the agreement preliminary approval on Monday, and once finalized, it will be the largest settlement of a data breach case in terms of dollar amount and number of victims, surpassing the $115 million the health care company Anthem paid to settle claims from 79 million people who had their personal ...
However, Credit Karma only monitors two of the three credit reporting agencies, TransUnion and Equifax, whereas the Equifax settlement offers four years of credit monitoring with all three major agencies, including Experian as well.
The settlement includes up to $425 million to help people affected by the data breach. If you're one of the 147 million people who were affected by the Equifax data breach back in September 2017, there's some reprieve: You can be compensated up to $20,000 if your information was compromised.
The Federal Trade Commission and Equifax reached an agreement at the end of July for Equifax to pay at least $575 million and up to $700 million to compensate those whose personal data was exposed with the breach of the Equifax servers.
The Federal Trade Commission and Equifax reached an agreement at the end of July for Equifax to pay at least $575 million and up to $700 million to compensate those whose personal data was exposed with the breach of the Equifax servers.
Filing a claim or amending one To confirm you're eligible to file a claim, enter your last name and the last six digits of your Social Security number at www.equifaxbreachsettlement.com or call the Settlement Administrator at 1-833-759-2982. You can file online or by mail.
To help consumers determine if their information was disclosed, Equifax has set up a website, www.equifaxsecurity2017.com. Users on the site can enter their name and the last six digits of their social security number and know immediately whether any personal data was breached.
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