Updates in the Equifax Security Breach Settlement

You may remember the Equifax security breach in 2017. If you don’t, here’s a refresher:

In late 2017, Equifax announces a cybersecurity breach that jeopardized the personally identifiable information of nearly 150 million people. Names, social security numbers, birth dates, addresses, and identification were all compromised.

This week in July 2019, Equifax settled with the Federal Trade Commission (FTC) to resolve several investigations and a consumer class-action lawsuit. That settlement of $575–700 million contains a hefty consumer restitution fund to repay those affected by the breach.

This is to say that if your identity was compromised in the Equifax security breach, you’re entitled free credit monitoring or $125.

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