If your credit data was compromised in the 2017 Equifax data breach, you may be eligible for compensation. The FTC ruled that the credit reporting agency will have to pay up to $700 million in individual compensation and civil penalties.
The Federal Trade Commission ruled Monday that credit reporting agency Equifax will have to pay up to $700 million in individual compensation and civil penalties because of the hack. According to the commission's online claims process, those whose personal information was exposed can get free credit monitoring for 10 years: four years via the three major credit bureaus and six years specifically through Equifax.if you already have credit monitoring, you can choose to receive $125.
You can file a claim through Equifax's data breach settlement page. Equifax has a website where you can find out whether your personal information was exposed.The deadline to exclude yourself or opt out of the settlement process is November 19, and all claims need to be filed by January 22.The data breach was the largest in historyIn September 2017, Equifax disclosed that hackers had exploited a security flaw to gain access to the company's customer data.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How the $700 million Equifax settlement could leave you high and dryThe perpetrators of the 2017 hack have yet to be identified, so it’s impossible to know what their motivations were and how consumer information may be used.
Read more »
A disturbing theory in the wake of the Equifax settlement — ‘anonymized’ data may NOT be enough to protect your privacy“While there might be a lot of people who are in their thirties, male, and living in New York City, far fewer of them were also born on Jan. 5, are driving a red sports car, and live with two kids (both girls) and one dog.”
Read more »
How the $700 million Equifax settlement could leave you high and dryThe perpetrators of the 2017 hack have yet to be identified, so it’s impossible to know what their motivations were and how consumer information may be used.
Read more »
How To Claim Up To $20,000 From The Equifax Data Breach SettlementAmericans impacted by Equifax's data breach are now eligible to file a claim and receive compensation.
Read more »