In July 2019, Equifax agreed to pay $175 million to 48 US states, the District of Columbia and Puerto Rico, as well as $100 million to the Consumer Financial Protection Bureau. Legal ruckusĪfter the massive breach was made public in September 2017, lawsuits and enforcement action followed. The key Apache Struts update was published in March 2017. The breach exposed names and dates of birth, Social Security numbers, physical addresses, and other personal information that could lead to identity theft and fraud.Ĭredit card numbers for around 209,000 US consumers and US driving licences details of more than 10 million people were also exposed.Įquifax’s systems were exposed for weeks between May and July 2017 before the problem was detected and remedial action was carried out. The FTC is warning that there are "fake websites claiming to be the Equifax settlement claims website." In a tweet, the FTC wrote: "To be sure you are going to the legitimate site, you can access it from Equifax page: ftc.gov/Equifax.Potential claimants would face an ‘uphill battle in order to establish standing’, says US privacy law expertĪNALYSIS The 2017 Equifax mega-breach was arguably the worst data breach that consumers have ever endured, but details of the final settlement reveal that most individuals have little chance of getting any recompense.Īttackers took advantage of a known vulnerability in Apache Struts to break into the credit reference agencies database through its dispute resolution portal before siphoning off the credit records of more than 147 million US citizens and an estimated 15 million UK residents. This will start "after the Court enters a final judgment and the settlement becomes final." Beware of fake websites How long will this take?Īccording to the settlement website's frequently asked questions, it's expected to take several months or more before credit monitoring services will begin and payments will be made. In some cases, documentation may be requested to show proof of "fraud, identity theft, or other alleged misuse of your personal information fairly traceable to the data breach,” the settlement website notes. Other expenses like notary fees, document shipping fees and postage, mileage and phone charges.Fees you paid to professionals like an accountant or attorney.Cost of freezing or unfreezing your credit report.Losses from unauthorized charges on your accounts.If you spent time or money dealing with an ID theft issue that occurred after the hack and involved personal data that was exposed by the breach, you can get compensated up to $20,000 per person. Or, you can receive $125 if you already have a credit monitoring service and won't enroll in the free one. You can get up to 10 years of free credit monitoring of your three credit reports at Experian, TransUnion and Equifax by an independent third-party service that will be determined by the court. Equifax will pay at least $380.5 million into a Consumer Restitution Fund. Open door policy: The doorless 2020 Jeep Gladiator isn’t just for fun What you can getĭepending on how you were affected by the breach, you could be eligible for several types of compensation. If you want to be excluded from the settlement, you need to send a written request postmarked no later than Nov. You also can request a claim form be mailed to you by calling 1-83 or emailing them at deadline to file a claim is Jan. If by mail, you can download and print the claim form, fill it out and mail it with any supporting documentation. Watch Video: Fraud protection beyond a credit freeze Filing a claim How would a Fed cut impact you? What's the effect on credit cards, home equity lines and bank savings? To confirm you're eligible to file a claim, enter your last name and the last six digits of your Social Security number on the site or call the Settlement Administrator at 1-83.Ĭapital One data breach 2019: Massive data breach hits Capital One, affecting more than 100 million customers The official settlement website, has been posted and is accepting claims. The settlement, which was announced July 22 and is considered the largest ever for a data breach, has preliminary court approval. The credit-reporting company has agreed to pay between $575 million and $700 million to settle state and federal investigations related to a massive security incident that exposed the personal information of more than 147 million Americans two years ago. If you were affected by the 2017 Equifax data breach, you can now file a claim for a piece of the settlement. Watch Video: Equifax to pay at least $575 million in FTC settlement
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