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Home / Tips and Tricks / Equifax Injury: You can now claim your $ 700 million billing share

Equifax Injury: You can now claim your $ 700 million billing share



  Keyboard Security Privacy Laptop Hacking 7923

James Martin / CNET

You can now claim if you are one of the 147 million people whose data was disclosed in 201

7 in the severe Equifax Data Protection Infringement to recover money spent on hacking or have lost. The Federal Trade Commission announced Monday that Equifax has agreed to pay at least $ 575 million and up to $ 700 million to compensate victims of hackers who use Equifax data. Stolen customers. Settlement payments may cover the costs of recovering from a security breach by the company with free credit reporting, including the recovery of theft of your identity, and unauthorized charges on your account. You can also claim to cover the cost of identity theft protection following the Equifax data breach.

The breach in question resulted in hacker social security numbers, addresses, credit card and driver's license information, birth dates and other data stealing personal information stored on Equifax's servers. As part of its investigation, the FTC claimed that the Free Credit Bureau had not taken adequate steps to secure its network.

Participation in the agreement is not easy. First, you can confirm that you were involved in the security breach. Then collect all the documents you have related to the hack. And finally, you submit your claim for damages. You have until 22 January 2020 to submit your application.

The exact amount that Equifax pays out is indefinite. The proposed agreement will begin with a USD 300 million fund to compensate the affected consumers who have purchased credit monitoring services. Equifax will also pay $ 175 million to federal states and districts – and $ 100 million to the Consumer Financial Protection Bureau (BFS), which will impose civil sanctions.

If the $ 300 million initial infusion does not adequately compensate consumers, Equifax has agreed to add $ 125 million more to the fund, representing a potential total settlement of $ 700 million, according to the FTC. If you are a beneficiary, your share of billing may include free credit monitoring and identity theft prevention services. You may also be eligible for cash payments to cover the costs of violations (such as attorney's fees and credit monitoring). You can help free for identity theft and free credit reports for 10 years.


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Equifax pays up to $ 700 million for its historical data breach



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How to Sign Up:

Prepare and Submit Your Claim

In the Equifax Data Breach Settlement web browser, you can now file a claim to recover money that you have lost due to widespread problems. Ranging Hack. So prepare yourself for a claim and submit it.

  • To claim, you must collect all of the documents and evidence you have relating to the violation, for example, to track expenses you should have incurred following an identity theft. Loss of money due to the breach.
  • To track the comparison, the FTC recommends logging in to receive email updates.
  • You can also check for updates on the FTC's Equifax Data Breach Settlement page and on the official Data Breach Settlement page.
  • And the FTC has a number that you can call – (833) 759-2982 – for updates.
  • You can file an online claim on the official billing page.
  • You can also follow the instructions below Send your application by mail or send us an application form.
  • As part of the application process, you can choose which services to use and check which documents you need to submit in support of your application.

Find out if you've been affected by the violation

If you want to check if your data was there On the FTC and official billing page, there is an online tool that you can use to check if you have any involved in the Equifax injury.

You must enter your last name and the last six digits of your social security number to determine if your data was part of the hacking.

What will the billing payments cover?

The proposed agreement limits the payouts to $ 20,000 per person to cover what you have spent to recover from the injury. Here are the costs and expenses that you can possibly reimburse.

  • Expenses related to unauthorized charges on your accounts
  • Costs for freezing a credit report and credit monitoring
  • Fees for accountants, lawyers and other professionals
  • Cost of postage, mileage, notary and other services [19659016] Costs of Equifax credit monitoring and other services for one year prior to the breach.

Equifax will also serve all US consumers by 2020, whether or not part of the billing, with six additional free credit reports per year for seven years from its website.

When do I have to file a complaint?

The FTC has indicated that you must submit your complaint by January 22, 2020. The FTC is January 23, 2020, as soon as you receive the eligible benefits.

This is the information we know now, with many details to come. We will update this story as soon as we learn more.


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