![]() ![]() Sarah Min of CBS MoneyWatch contributed to this report. The settlement site includes a page with answers to frequently asked questions, from basics like how the settlement came about to how long it could take to get your money (the process could take several months or more). To keep on top of the situation, just sign up for email alerts from the FTC or call (833) 759-2982 for updates. 22, 2020, for most benefits, and you won't receive anything until the settlement administrator gets the go-ahead from a court - that would be Jan. What is the deadline for filing your claim? If it is exhausted, payouts will be reduced proportionally. NerdWallet notes there is another $31 million bucket of money to cover claims for time spent. The FTC recently issued a warning to those affected by the 2017 Equifax data breach who are now trying to file a settlement claim: Be cautious of fake websites and scammers. You must certify that you are being truthful.Īgain, notice the words "up to" for the hourly reimbursement offer. The good news here is that backing documents aren't required, and you could see compensation for time you spend trying to recover from identity theft (or avoid it in the first place) of $25 an hour (up a maximum of 10 hours - more than that and you will need documents backing up your additional time spent). But even if you receive only 10 to 20 as compensation. You can make a claim for up to 20 hours of time spent dealing with the breach. In many cases, class-action lawsuits offer such a minor payout to each victim that participation is a matter of principle, not reward. Under a settlement filed today, Equifax agreed to spend up to 425 million to help people affected by the data breach. Those include fees to freeze or unfreeze credit reports, as well as for credit-monitoring services losses from unauthorized charges to accounts and any payments to lawyers and or accountants. 25, 2022 telling eligible Equifax security breach claimants how to sign up for four years of free credit monitoring. Filing a claim or amending one To confirm youre eligible to file a claim, enter your last name and the last six digits of your Social Security number at or call. People who were harmed in the cybertheft can also claim as much as $20,000 in cash reimbursement for expenses related to the breach. Letters and emails are going out through Feb. ![]() The Indiana Office of the Indiana Attorney General filed a lawsuit on behalf of Hoosiers in 2019. The settlement includes up to 425 million to help people affected by the data breach. The Wall Street Journal, 7/22/19 Equifax settlement: See if you are eligible, file an FTC claim. Equifax agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. Individuals can get free credit monitoring for 10 years, opt to receive $125, receive compensation for things like attorney or accountant fees, and with documentation be compensated, at a rate of $25 per hour, for time spent trying to investigate and correct any personal identification issues.What about money to reimburse hack expenses? Equifax to Pay Up to 700 Million in Data Breach Settlement. Claim: The Equifax compensation settlement reported in July 2019 was authentic and potentially allowed members of the public to claim monetary benefits. There are a number of options available for people affected by the breach recoup damages. Further information about your rights and options is available in the FAQs. In 2017, Equifax announced a breach that exposed the personal data of approximately 147 million people. population, included addresses, birth dates, credit card numbers, driver license numbers, Social Security numbers, and in some cases, data from passports. Validate or Amend Equifax Data Breach Settlement Validate or Amend Your Claim: Alternative Compensation Cash Payment or Credit Monitoring The deadline to Validate or Amend Your Claim for Alternative Compensation Cash Payment or Credit Monitoring has passed. Credit Monitoring: Free Service or Cash Payment You may be eligible to receive free credit monitoring or up to 125 if you already have credit monitoring. ![]() The compromised information, affecting roughly half of the U.S. Visit or call 1-83 of 6 Please note that Settlement benefits will be distributed after the Settlement is approved by the Court and final. (credit: Smith Collection/Gado/Getty Images) Sign with logo at the headquarters of credit bureau Equifax in Atlanta, Georgia. It took more than six weeks before the credit reporting company even noticed that intruders had targeted their databases. history, happened after hackers exploited a security flaw known by Equifax and gained access to their servers. Equifax has agreed to pay at least $575 million and up to $700 million to compensate those whose personal data was compromised. ![]()
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