Screwed by Equifax? Apply to get some of the record-breaking $700 million settlement.

Equifax, one of the largest credit bureaus in the United States, has agreed to pay up to $700 million for its 2017 data breach which affected nearly 150 million customers.

The FTC announced details of the settlement on Monday. It would be the largest ever paid by a company for a data breach, once it gets court approval. 

According to Equifax, the company will put up to $425 million towards a consumer restitution fund in order to “pay for three-bureau credit monitoring for consumers whose information was impacted in the 2017 breach, actual out-of-pocket losses related to the breach, and other consumer benefits such as identity restoration services.” Read more...

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