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Equifax Agrees To Pay $19.5 Million to Settle Data Breach Class Action

More on the Equifax Data Breach Class Action Settlement

After receiving a class action lawsuit over data breach issues in 2017, Equifax has finally agreed to resolve it by paying $19.5 million from the Indiana attorney general.

This settlement deal will benefit the individuals who were residing in Indiana between March 2017 and July 2017. Also, the eligible class members are those individuals whose information was affected by the Equifax data breach.

Around May to June 2017, Equifax has faced a data breach that affected nearly 150 million Americans. In this data breach, several sensitive information was exposed including the Social Security numbers, birth dates, addresses, and driver’s license numbers.

The US officials confirmed that the data breach was preventable. 

Thus, the U.S. House of Representatives Committee 0n Oversight and Government Reform began its investigation in December 2018. Afterward, the agency determined that the breach was “entirely preventable.”

Are you one of those Indiana residents whose personal information has been breached? You may be eligible to file a claim. Send us a message so we can guide you through the next steps!

The Equifax Settlement

By May 2019, the Office of the Indiana Attorney General sued Equifax, in an attempt to hold the company accountable for failing to protect the privacy of 3.9 million Indiana residents.

“As one of the three primary credit-reporting agencies, Equifax had, and continues to have heightened duty to implement and maintain strong security measures to protect that sensitive data,” the Indiana Equifax data breach lawsuit argues.

Early 2020, Equifax has agreed to pay $19.5 million to benefit Indiana residents.

In this deal, the $19.5 million funds will be utilized to pay the costs of the litigation and payments to consumers. The net settlement fund will be equally distributed for eligible class members. Also, the payment amounts will depend on the number of valid claim forms submitted.

For Class Members to be included in the settlement, they should submit a valid claim form by Dec. 16, 2020. 

Editor’s note on The Equifax Data Breach Class Action Settlement:

This piece is to inform you about The Equifax Data Breach Class Action Settlement.

If you believe that what is alleged in the Equifax Data Breach Class Action Investigation has affected you, please don’t hesitate to reach out to us.

Contact Us

We’d be happy to help you take a step in the right direction, fight this issue, and better enable you to join in on any potential consumer class action. If interested, please send an email to Outreach@ConsiderTheConsumer.com, find us on Twitter or Facebook, or even connect with us directly on our website! We look forward to hearing from you all.

Similarly, please check out our current list of Class Actions and Class Action Investigations, here.

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