In September of 2017, Equifax announced the largest data breach in US history. Equifax did not reveal the breath to the public until three months after they were aware. Equifax also admitted they were aware of a security flaw in their web applications two months before the company said hackers had accessed its data. The data breach exposed the personal information of nearly 150 million people.
The data breach settlement includes a $425 million-dollar commitment from Equifax to directly help consumers affected by the breach. The financial assistance will include benefits such as Free credit monitoring or a $125.00 cash payment. And some may be eligible for up to $20,000 in reimbursement for time spent and cash payments repairing credit issues related to the breach or fraudulent charge.
If you do not know if you were affected by the breach, the FTC will be launching a tool to find out if your information was included. You can also sign up for email alerts through the FTC to be notified when the tool is available and to be updated throughout the process of the court settlement.
The FTC is already warning people of potential scams related to this settlement. They are advising that you “…do not under any circumstances respond to an unsolicited call or email offering to process your refund.”
For more information contact your Yuba City bankruptcy attorney at (530) 797-4402.
Categorized in: News