Released: February 08, 2022

Equifax breach settlement: Money for some, free monitoring for all

Source: Herb Weisbaum, Consumers' Checkbook

Equifax will pay up to $425 million in restitution to those directly impacted by the massive data breach of the credit bureau in 2017. A federal court gave final approval to the class-action lawsuit settlement in mid-January. Settlement notices are now being sent to those who previously filed claims for monetary compensation or free credit monitoring.

The breach was one of the largest in history, exposing the personal information of 147 million Americans. Hackers stole sensitive personal identifying information, including Social Security numbers, birth dates, and—in some cases—driver’s license numbers and credit card numbers.

 

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