#Equifax breach settlement free#
4 years of free credit monitoring from all three credit bureaus (Equifax, TransUnion, and Experian), up to 6 years of additional free credit monitoring from Equifax, and $1 million in identity theft insurance OR.Here are the benefits you can file a claim for as of July 24, 2019: 10 Years of Free Credit Monitoring OR a $125 Cash Payment
If your were impacted by the breach you can file a claim for benefits ranging from free credit monitoring to up to $20,000 in cash payments for damages from identity fraud stemming from the incident. How do I file a claim and how much money will I get? If you were impacted, you can file a claim. If you are a US resident, you can quickly check online to see if your information was impacted or find out by calling 86. Since the Equifax hack exposed the personal information of more than 147 million Americans, if you live in the US you were more than likely impacted by the breach.Īll of the 147.9 million Americans who were affected by the breach are eligible for benefits. Was I affected by the Equifax hack and am I eligible for benefits? Find out if you are eligible and how you can file a claim today. If you were affected by the breach, and chances are you were, you can now claim between $125 and $20,000 in cash compensation. The hack caught the world’s attention and alerted us all to the vulnerability of our personal information and the true danger posed by years of unchecked data collection, most of which happens without our consent. 147.9 million identities were compromised in the breach, putting nearly half the American population at increased risk of identity theft overnight. The Equifax hack of 2017 was one of the most severe and alarming data breaches in history. The higher-than-anticipated level of claims would seem to reflect lingering, deep-seated anger at the mishandling of data by Equifax – data that, thanks to the special status of consumer credit agencies, was gathered in the first placed without the consent of most victims.This week, Equifax agreed to pay up to $700 million in fines and compensation for its massive 2017 data breach, with $425 million going directly to those impacted by the breach. The $125 amount seemingly depended on the idea that people wouldn’t file claims very aggressively, but discussion of the settlement has been widespread in the last week. But if two million people claim the cash, each payout would be just $15.50.Īnd even that is probably optimistic: 147 million people, or nearly half of all Americans, were victims of the Equifax breach. That means no more than 248,000 people would be able to claim a cash settlement and still wind up with $125 each. But there’s a fixed amount set aside for this part of the settlement-a mere $31 million total was meant to be divided among claimants. According to the agency, millions of people have visited their page about the settlement in just the week since the claims portal went up. The problem, the FTC spells out, is simply that too many people have already chosen the cash.
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