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More than 147 million people’s data was compromised
In the wake of Equifax’s 2017 data breach, which compromised the individual information of more than 147 million consumers — including names, birthdates and Social Security numbers — the plc became the target of multiple lawsuits and reached a settlement in 2019 with the Federal Trade Commission, the Consumer Economic Protection Bureau and all U.S. states and territories.
As a result, consumers who were affected by the breach had the option of signing up for either up to $125 or unencumbered credit monitoring at all three of the largest credit reporting firms: Equifax, Experian and TransUnion.
After implementation was hold off due to legal challenges, the settlement received final court approval early this year.
Amount you receive resolve likely be far less than $125
While consumers who sought up to $125 began receiving payments last week, the amount they end up getting longing likely be far less, according to the settlement administrator. On Twitter, users have reported receiving small payments, with amounts rove from $2.64 or $5.21 to