to compensate hacker victims who have stolen personal information from Equifax servers. Payments as part of the settlement can cover the costs of repairing the free credit reporting agency vulnerability – including repairing your identity theft and freezing and releasing accounts – and unauthorized debits to your account. You can also submit a claim following the Equifax data breach.
First of all, you can check whether you and your information have been exposed as part of the infringement. if your data was exposed, you collect vouchers and other documents related to the hack that show losses and cash outlay. And finally, submit your claim for compensation. (The FTC said that because of the overwhelming public response to the settlement the amount of cash you get forAnd make sure that you on the legitimate FTC site: the FTC said that .)
The breach resulted in hackers stealing credit card and driver's license information, social security numbers, addresses, birth data and other personal information on Equifax's servers. As part of its investigation, the FTC claimed that the free credit bureau had not taken reasonable steps to secure its network.
Even if you were not part of the violation and are not eligible to file a claim, you can receive free credit reports for seven years as part of the settlement.
Participating in the Equifax settlement is not entirely easy. The exact amount that Equifax will pay out is undetermined. The proposed settlement will begin with a $ 300 million fund to compensate affected consumers who have purchased credit surveillance services. Equifax also pays $ 175 million to state and districts – and $ 100 million to the Consumer Financial Protection Bureau in civilian fines.
If the initial $ 300 million infusion does not adequately compensate consumers, Equifax has agreed to add $ 125 million more to the fund for a total possible payout of $ 700 million. If you are a claimant, your share in the settlement may consist of free credit check and identity theft protection services. You may also be eligible for cash payments to cover costs resulting from the infringement – such as legal fees and– and for free assistance with the recovery of identity theft and free credit reports for 10 years.
Here's how to participate in the settlement.
Find out if you have been affected by the infringement
If you want to check if your data has been exposed, the FTC and the official settlement site have an online tool that you can use to check if you were part of the Equifax infringement.
You must enter your last name and the last six digits of your social security number to see if your information was part of the hack.
Prepare and submit your claim
On the Equifax Data Breach Settlement website, you can submit a claim to recover money that you have lost or spent as a result of the broad hack. Here's how you can prepare and then submit a claim.
- To support your claim, you must collect all documents and vouchers that you have related to the infringement to show, for example, the costs you had to recover from identity theft, and money lost due to the infringement.
- To follow the settlement, the FTC suggests that you sign up to receive email updates.
- You can also check the Equifax Data Breach Settlement page from the FTC and the official data breach violation page for updates.
- And the FTC has a number that you can call – (833) 759-2982 – for updates.
- You can submit a claim online at the official settlement site.
- You can also follow the instructions on the site to e-mail your claim or send a claim form to you.
- As part of the claim process, select which benefits you qualify for and view which documents you must submit to support your claim. Supporting documents include statements with unauthorized debits, costs for freezing your account, fees paid to professionals to assist with the theft and other related expenses.