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Anyone with questions about the additional Equifax payments is encouraged to contact settlement administrator JND Legal Administration at info@equifaxbreachsettlement.com or by calling (833) 759-2982.
Under the settlement, Equifax agreed to pay $15 million into the CFPB's victim relief fund and fix its dispute resolution processes. (Reporting by Rami Ayyub; Editing by Paul Simao)
The money will reimburse individuals for everything from the time spent filing for credit freezes after the breach, to free monitoring services for the next 10 years.
Equifax primarily operates in the business-to-business sector, selling consumer credit and insurance reports and related analytics to businesses in a range of industries. [citation needed] Business customers include retailers, insurance firms, healthcare providers, utilities, government agencies, as well as banks, credit unions, personal and specialty finance companies and other financial ...
In a settlement with the United States Federal Trade Commission, Equifax offered affected users settlement funds and free credit monitoring. In February 2020, the United States government indicted members of China's People's Liberation Army for hacking into Equifax and plundering sensitive data as part of a massive heist that also included ...
In Canada, this has led to TransUnion and Equifax not offering any form of credit freeze (instead directing consumers to their paid identity monitoring services, which have been described as 'ineffective'), until the passage of Quebec's Bill 53, the Credit Assessment Agents Act. [6] [7] Lifting a credit freeze requires a PIN. [8]
The credit reporting agency reached a $700 million settlement with government officials last week, agreeing to pay as much as $425 million of that money to consumers affected by the data breach.
Total settlement: $60 million. ... 2023. Requirements: Must have been an unlimited data customer between Oct. 1, 2011 and June 30, 2015. ... Google is starting a payout for similar violations in ...