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Equifax Injury: To claim your share of the $ 700 million settlement

  Keyboard Security Privacy Laptop Hacking 7923

James Martin / CNET

If you were one of the 147 million people whose data was disclosed in 201

7 in the severe Equifax Data Protection Infringement you may be able to enforce your claim soon. The Federal Trade Commission announced Monday that Equifax has agreed to pay at least $ 575 million and up to $ 700 million to compensate victims of hackers who use Equifax data. Stolen customers. The billing payments may relate to what you have spent on recovering from the Company's free credit report – including recovery after the theft of your identity – and unauthorized charges on your account.

Participating in billing is not easy. First, the proposed agreement must be approved in court. Only then can you file a lawsuit. Below you will find tools and links to help you understand the next steps and the possible aspects. If you want to start now, you can collect documents related to the violation.

The breach in question resulted in hackers stealing social security numbers, addresses, credit card and driver's license information, birth dates, and other personal information stored on Equifax's servers. As part of its investigation, the FTC claimed that the credit bureau had not taken adequate steps to secure its network.

The exact amount that Equifax will pay out is undetermined. The proposed agreement will begin with a USD 300 million fund to compensate the affected consumers who have purchased credit monitoring services. Equifax will also pay $ 175 million to federal states and districts – and $ 100 million to the Consumer Financial Protection Bureau (BFS), which will impose civil sanctions.

If the $ 300 million initial infusion does not adequately compensate consumers, Equifax has agreed to add $ 125 million more to the fund, representing a potential total settlement of $ 700 million, according to the FTC. If you are a beneficiary, your share of billing may include free credit monitoring and identity theft prevention services. You may also be eligible for cash payments to cover the costs of violations (such as attorney's fees and credit monitoring). You can help free for identity theft and free credit reports for 10 years.

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Equifax pays up to $ 700 million for its historical data breach


To participate in the agreement.

Preparing Your Claim

Once the court agrees to the agreement, you can file a lawsuit to hijack the money lost through the far-reaching arrangements. To prepare for filing a claim:

Find out if you were affected by the violation.

If you want to verify that your data has been disclosed, the FTC will have a website with a license after you approve the comparison. This tool will help you to verify that you were involved in the security breach. You can sign up for an FTC email update to see when the website and tool are up and running. Here are the costs and expenses that you can possibly reimburse.

  • Expenses related to unauthorized charges on your accounts
  • Cost of freezing a credit report and credit monitoring
  • Fees for accountants, lawyers and other professionals
  • Cost of postage, mileage, notary and other services [19659018] Costs of Equifax credit monitoring and other services for one year prior to the breach.

Equifax will also serve all US consumers by 2020, whether or not part of the billing, with six additional free credit reports per year for seven years from its website.

This is the information that we currently know, with many details still to be discussed. We hope FTC and Equifax have much more in common when opening the claim window. We will update this story if they do. In the meantime, do the following if you are not sure if you are affected by the Equifax injury.

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