Equifax Breach Report: Are You Eligible For A $20,000 Payout?

Equifax Breach Report: Are You Eligible For A $20,000 Payout?

https://www.technologymagan.com/2019/07/equifax-breach-report-are-you-eligible-for-a-20000-payout.html

Equifax Breach Report: Are You Eligible For A $20,000 Payout? Equifax faced a major disaster in 2017, with information about 147 million people, including social security numbers. Earlier this week, it emerged that a $ 700 million fine will be imposed on the credit monitoring firm - and for those affected, according to a site, Breach has been kept for the people affected.

Equifax Breach Compensation: How to claim

Potentially, as a result of this 2017 violation, millions of people can get some kind of payment. So, how do you know if you are eligible? Equifax has set up a simple tool that you can use to check.

There are two types of claims: Equifax is offering free credit monitoring for up to 10 years, or if you want $ 125 The second option is to apply for cash payment, which is capped at a huge amount of $ 20,000 per person. This covers serious consequences from the violation such as losses in unauthorized charges in your accounts; The cost to freeze or unfreeze your credit report; Or fees to accountants and lawyers


Meanwhile, people can be compensated for the time when they had given up to $ 25 per hour to 20 hours to deal with the infringement.

The process of filing the claim has begun and you have time till 22 January 2020 to apply. According to the actual payment FTC will be "as soon as possible" on January 23, 2020. You can also sign up to receive email updates about the settlement.

Equifax: What is the future

Equifax breach was the result of bad cybercity practices and it could have been prevented-that's because the firm failed to patch a web server. And after the firm Moody's rating outlook decreased in May, the firm suffered a major setback, according to CNBC. This was the first time that cyber security problems have been cited as a cause of recession.

Therefore things are not very good for Equifax because it runs on a large scale to repair damage caused by the violation of 2017. "I think Iquixx is so damaged in the form of a brand: Failures in protecting sensitive data are very widely known, they have to get rid of a path towards redemption," Security Chief Ian Thornton-in Amnestrut Europe, Trump is called.

On the outside, the firm remains positive in its approach. Equifax CEO Mark W. said, "This comprehensive agreement is a positive step for American consumers and Equifax because we go ahead with the event of 2017 cyber security and in our technology and security as a major data, analytics and technology company, Changes focus on investment. " Begor in a statement.

Going forward is definitely something EQFax would be eager to do. Perhaps now it is paying compensation to the affected customers, people will once again start relying on Equifax. But at the same time, due to the information being affected jointly on a large scale, this hack will still go down as one of the worst in history.

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Technology Magan: Equifax Breach Report: Are You Eligible For A $20,000 Payout?
Equifax Breach Report: Are You Eligible For A $20,000 Payout?
Equifax Breach Report: Are You Eligible For A $20,000 Payout?
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