![]() ![]() Fees you paid to professionals, like accountants or attorneys, to help you recover from identity theft.Losses from unauthorized charges to your accounts.The initial deadline to file a claim in the Equifax settlement was January 22, 2020.Īfter January 22, 2020, you can still file a claim for expenses you incur between January 23, 2020, and Janu, as a result of identity theft or fraud related to the breach, such as: The settlement includes up to $425 million to help people affected by the data breach. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. Legitimate emails about the settlement will come from Equifax Breach Settlement Administrator. You will get your payment in the method you chose-by check, prepaid card, or PayPal payment. The settlement administrator has begun sending out payments for out-of-pocket losses, time spent claims, and other cash benefits. About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items.Because of these efforts – and many others listed in our Security Annual Report – we’ve built one of the most advanced, effective, and transparent cybersecurity programs in business today. Equifax’s Chief Information Security Officer serves as an advisor on cybersecurity to the Federal Bureau of Investigation at the Bureau’s request.Įquifax also introduced next generation cybersecurity detection and response technology across our operations. We invested $1.5 billion to build top-tier security and technology capabilities and hired more than 600 highly skilled cybersecurity professionals to protect consumer data. Strengthening Protections of Your Dataįollowing the 2017 cyberattack on Equifax by members of the Chinese Military, we completely overhauled our security program. Earlier this year, those who opted for credit monitoring also received a free four-year membership in identity protection from Experian ®. Equifax has been providing free credit monitoring services to consumers since September 2017. ![]() Under the Court-approved settlement, a consumer restitution fund of up to $425 million was created to pay for three-bureau credit monitoring for consumers whose information was impacted in the 2017 breach, actual out-of-pocket losses related to the breach, and other consumer benefits such as identity restoration services. Other Consumer Benefits of the Settlement The FTC also posted a blog about the settlement. Go to the Federal Trade Commission’s website.Call the settlement administrator at this toll-free number - 1-83.Visit the administrator’s website, which includes a Frequently Asked Questions page.More Information Available Online and Via Toll-Free Phone Number The parties to the settlement agreed to appoint a third party settlement administrator, which was approved by the federal judge overseeing the settlement, and the actual amounts being received by consumers were determined by the settlement administrator in accordance with the terms of the settlement. states and territories, the attorneys representing the consumer class action plaintiffs, and Equifax. The settlement was reached after a lengthy process and agreed to by the Federal Trade Commission, the Consumer Financial Protection Bureau, 50 U.S. There has been no evidence that the data stolen in the 2017 breach has ever been used. Since the 2017 cyberattack by members of the Chinese military, Equifax completely overhauled its security program to enhance protection of consumer data.The settlement administrator, not Equifax, set the payment amounts pursuant to the terms of the settlement agreement.The third-party settlement administrator appointed by the court to manage the Equifax ® cybersecurity incident settlement has begun sending cash payments to claimants who submitted for cash benefits as part of the settlement.
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