Missed Out On Filing A Claim In The Equifax Data Breach Class Action Settlement? Don’t Worry We Can Help You Out.
After the initial deadline of the official filing of claims for eligible class members in the Equifax Data Breach Class Action Settlement has been put to an end, many people who have missed out on this opportunity have been worried that they would be totally left out of any form of compensation from the company after having their personal information involved in a data breach.
However, if you are an eligible class member, you can still make a claim for yourself.
You can even inform others that they can still make due to the settlement funds agreed upon in the aftermath of the class action lawsuit filed against Equifax.
As the Federal Trade Commission or FTC reports on an official post on their website, an eligible class member can still file and make a claim for all of the monetary expenses that they would incur as a direct result of their personal information being stolen and being used for malicious means.
The federal authorities have listed the following scenarios wherein a person can make a claim.
They mainly include all of the unauthorized charges made to your accounts after having your identity stolen, the fees that you paid off to different professionals to help you get back your identity and to protect yourself from further attacks, and other miscellaneous monetary expenses incurred while you were undergoing the whole process of data and identity theft recovery.
The money that you have spent from January 23, 2020, to January 22, 2024, would be accepted in the settlement.
Amounts may vary due to the limited availability of the settlement funds but according to report estimates, an individual can receive up to 20 hours worth up to $25 each for the professional services they have sought out to help them restore their privacy.
Even if one does not make a claim, everybody is entitled to certain benefits aimed at helping them protect and strengthen their personal data.
To make a claim, you need to be a citizen in any of the 50 U.S. states and territories, including Washington, D.C. Per the FTC report, up to $425 million was set aside to help out victims of the data breach incident.
More about the Equifax Data Breach
It all started when Equifax has fallen victim to a data breach incident in mid-2017.
It involved almost 150 million Americans. They had all of their personal information stolen from them, ranging from birth dates to Social Security numbers.
United States (U.S.) officials documented that this attack was entirely preventable and avoidable if the company just did the proper steps to protect their data.
The company has faced several legal battles ever since the details of the data breach incident were made available to the general public.
Equifax has agreed to two different sets of settlements – a nationwide settlement and one for the state of Indiana as the Attorney General of The Hoosier State has decided to pursue their own legal action against the company.
Before being granted the settlement for Indiana, they have argued that Equifax knew all along that the company is a prime target for such data breach attacks, yet they did not take the proper course of action to strengthen their own system from these attacks.
Instead, they just ended up expanding their operations and to grow their company even further – which made it a very generous opportunity any hacker group would not dare to pass on.
Equifax, founded more than 120 years ago, started as a Retail Credit Company before being an American multinational consumer credit reporting company today.
It is included in the so-called “Big Three” along with TransUnion and Experian peers in the collection and processing of information of consumers and business establishments all over the globe.
They process information of an estimated 880 million individuals and businesses to churn out credit reports that they sell to third-party buyers wanting to know crucial credit information.
Website: About Us | Equifax
Editor’s note on Equifax Data Breach Class Action Settlement:
This news feature is created to inform you of the settlement that was agreed upon by parties involved in the lawsuit filed against Equifax regarding the data breach that occurred under their supervision.
The official date to claim the settlement has expired, but as we said, you can still have your share. We would love to help you out!
If you have any questions or queries regarding this piece of news and its updates, please do send us a message by clicking the ‘Contact Us’ button below! We’d love to hear back from you.
Another Data Breach article you might be interested in reading: Blackbaud Data Breach – Social Security…