![]() The breach compromised an estimated 147 million people’s data, including social security numbers and addresses. consumers whose personal information was exposed in a cyberattack on the credit bureau Equifax. Now, you can now find out if you were affected by the September 2017 breach and make your claim for benefits. ![]() You will get your payment in the method you choseby check, prepaid card, or PayPal payment. The settlement administrator starts examining current claims for time spent and out-of-pocket damages. December 2022 Important Settlement Update The settlement administrator has begun sending out payments for out-of-pocket losses, time spent claims, and other cash benefits. Multiple hackers were able to exploit the vulnerability, the FTC said. Finalized in January 2020, the settlement compensates U.S. JEarlier this week, we told you that roughly half the people in the country can get benefits under a settlement that the FTC and others reached with Equifax. Octo, Home News Equifax Data Breach Settlement update released by the FTC. The FTC alleges that Equifax "failed to patch its network after being alerted in March 2017 to a critical security vulnerability" and that the company didn't discover that its database was unpatched until four months later, when it detected suspicious traffic on its network. "This settlement requires that the company take steps to improve its data security." You can still request financial reimbursement If your data was part of the breach and you had to spend time or money recovering from it between January 23, 2020, and January 22, 2024, there is an extended period to claim reimbursement. "Equifax failed to take basic steps that may have prevented the breach," FTC Chairman Joe Simons said in the agency's announcement. For more details and to check your claim status, visit. People affected by the breach may also qualify for cash payments of up to $20,000 for: the time they spent dealing with fraud, identity theft or other misuses of their personal information, or taking preventative steps such as placing or removing security freezes for out-of-pocket losses and for 25% of the cost of Equifax credit or identity-monitoring products they paid for in the year before the breach was announced. This Is The Official Settlement Website For The Equifax Data Breach Settlement. To view important documents, you may do so here. Further information about your rights and options is available in the FAQs. Technology Marriott Says Up To 500 Million Customers' Data Stolen In Breach The deadline to Validate or Amend Your Claim for Alternative Compensation Cash Payment or Credit Monitoring has passed.
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