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Some quick background: Equifax a major credit reporting agency announced the settlement with the Federal Trade Commission, Consumer Financial Protection Bureau, and 50 U.S. states and territories, on July 24. The settlement includes up to $425 million to help people affected by the data breach.
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.
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.
Equifax initially disclosed the data breach September 7, 2017. The company said it discovered the data breach in July 2017. The unauthorized access of personal data that was exposed by Equifax could increase the risk of identity theft for anyone affected.
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 ...
Under the terms of the settlement, affected consumers could potentially get up to $20,000 in reimbursement. But even if you didn't suffer any direct harm from the breach, you could claim free credit monitoring or a cash payout of up to $125 if you already have credit services in place.
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.
Other options from Equifax settlement Starting next year, all Americans will be entitled to six free Equifax credit reports each year for seven years. This can help you monitor any illegal activity. All U.S. consumers are entitled to get free identity theft recovery services for the next seven years.
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