If you were affected by the breach, you may also receive an email notification after the court approves the settlement. You can also sign up to get FTC email updates about this settlement. We’ll update that page when there’s new information. To learn more about the settlement, go to ftc.gov/Equifax. The claims process will start after court approval. You are eligible for free identity restoration services for at least 7 years that you can use if someone steals your identity or you experience fraud. up to 25% of the cost of Equifax credit monitoring or identity protection products you bought between Septemand September 7, 2017.money you spent protecting your identity or recovering from identity theft, like the cost of freezing or unfreezing your credit report or unauthorized charges to your accounts.time you spent protecting your identity or recovering from identity theft, up to 20 hours at $25 per hour.You may be eligible for reimbursement and cash payments up to $20,000 for: Reimbursement for Your Time and Other Cash Payments The amount you’d get will depend on the number of claims filed. If you have credit monitoring that will continue for at least 6 months and you decide not to enroll in the free credit monitoring offered in the settlement, you may be eligible for a cash payment. (Minors affected by the breach are eligible for even more free credit monitoring.) That’s a total of 10 years of free credit monitoring. On top of that, you can get up to 6 more years of free credit monitoring of your Equifax credit report. You can get at least 4 years of free credit monitoring of your credit report at all three credit bureaus (Equifax, Experian, and TransUnion). If you were affected by the breach, you may be eligible for benefits. Here’s what you need to know about the settlement. Sign up for an FTC email update to find out when that tool is up and running.) (Not sure that you were affected? The breach claims site will have a tool to let you check. But you can sign up for FTC email alerts about the settlement at ftc.gov/Equifax. If you were affected by the Equifax breach, you can't file a claim just yet. Under a settlement filed today, Equifax agreed to spend up to $425 million to help people affected by the data breach. In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. Identity Theft and Online Security Show/hide Identity Theft and Online Security menu items.Unwanted Calls, Emails, and Texts Show/hide Unwanted Calls, Emails, and Texts menu items.Money-Making Opportunities and Investments.Jobs and Making Money Show/hide Jobs and Making Money menu items.Credit, Loans, and Debt Show/hide Credit, Loans, and Debt menu items.Shopping and Donating Show/hide Shopping and Donating menu items.Debbie Dingell (D-Mich.) said in the hearing, according to The Los Angeles Times. "You can't change your Social Security number and I can't change my mother's maiden name," Rep. "I don't think we can pass a law that fixes stupid."īut the committee didn't forget the ultimate consequence of the breach: The personal data genie can't go back in the bottle. Lawmakers pondered over how to prevent similar breaches in the future, but focused on the company's failure in what might be the hearing's iconic quote: "How does this happen when so much is at stake?" Rep. That didn't stop the committee from thrashing Smith and Equifax's failure to protect user data. From there, the company investigated the breach.ĭuring his testimony, Smith identified the company IT employee who should have applied the patch as responsible: "The human error was that the individual who's responsible for communicating in the organization to apply the patch, did not." Only suspicious traffic in and out of its system on July 29th tipped the company off to the breach. Not now Turn on Turned on Turn onīased on Equifax's postmortem investigations, the hacker that exploited this exact weakness likely first used it to pry into Equifax on May 13th, and then continued until July 30th, and Equifax's security tools were none the wiser. You can disable notifications at any time in your settings menu.
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