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#EQUIFAX BREACH SETTLEMENT STATUS FOR FREE#
#EQUIFAX BREACH SETTLEMENT STATUS PROFESSIONAL#

Starting in 2020, for at least seven years, all consumers can request six additional credit reports from Equifax every 12 months at no cost.

#EQUIFAX BREACH SETTLEMENT STATUS FOR FREE#

In addition to free credit monitoring, affected individuals who become victims of identity theft may be eligible for free services to help restore their identity for seven years. Individuals under 18 years old at the time of the breach will receive 18 years of free credit monitoring. The proposed restitution is subject to the court’s approval.Īffected consumers can obtain four years of three-bureau credit monitoring (Equifax, Experian and Trans Union), which includes up to $1 million of identity theft insurance, and six additional years of free credit monitoring of the consumer’s Equifax credit report. reimbursement of up to $125 for those who already have credit monitoring and decline the credit monitoring services offered as part of the resolution.up to 25 percent of the cost of Equifax credit monitoring and related services between Sept.fees paid to professionals such as accountants or attorneys.

#EQUIFAX BREACH SETTLEMENT STATUS PROFESSIONAL#

money spent trying to avoid or recover from identity theft, including fees to freeze or unfreeze credit, professional identity theft services costs or postage.

time spent trying to avoid or recover from identity theft, up to 20 total hours at $25 per hour.

losses from unauthorized charges to your accounts.

To receive email updates regarding the launch of this online registry, consumers can sign up at Today’s resolution proposes that the nearly 150 million individuals affected by the breach can request free credit monitoring provided by Equifax and reimbursement up to $20,000 per consumer for: The Attorney General asserts that Equifax’s failure to protect Washingtonians’ information violated the state Consumer Protection Act.Īffected Washingtonians can submit a claim online, or request a paper form to send by mail, at or by calling 83. A multistate investigation also found that the credit-reporting agency failed to follow industry standards to protect individuals’ personal information, such as saving personal information in unsecure locations and not encrypting passwords. In a complaint to be filed today, Ferguson asserts that despite being alerted to a vulnerability in its network and ways to fix the vulnerability, Equifax failed to put procedures in place to fix security issues leading to the breach. The hackers accessed the private information of more than 3 million Washingtonians, including their social security numbers, birth dates, credit card numbers and addresses.

From May 2017 through July 2017, hackers had access to Equifax’s network, affecting approximately 148 million consumers across the United States. Once approved, Washingtonians who believe they were victims of the Equifax breach can submit a claim at or call 83 for more information.Įquifax is one of three major credit-reporting agencies that provide credit ratings for individuals nationwide.

The resolution and claims process are subject to the court’s approval. If the number of consumers filing claims results in less than the maximum restitution payments from the nationwide fund, the Attorney General’s Office may use its payment to provide additional funds to Washingtonians.Īffected consumers will have the opportunity to file a claim and receive a part of the up to $425 million in restitution. Washington will receive more than $3.7 million, which will go toward continued enforcement of state data security and privacy laws. “This resolution holds Equifax accountable to the millions of individuals who had their information stolen.”Īs part of resolutions with Washington, 49 other attorneys general, the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission and private parties, Equifax will pay $175 million to the states and up to $425 million to affected consumers, and a $100 million penalty to the CFPB. “Equifax handles Washingtonians’ personal data, and we expect them to keep that information safe,” said Ferguson. This is the largest data breach enforcement action in U.S. OLYMPIA - Attorney General Bob Ferguson, along with 49 other attorneys general, today announced that credit-reporting agency Equifax will pay more than half a billion dollars because of a 2017 data breach affecting nearly 150 million individuals nationwide.

Equifax must provide up to $425M in restitution for consumers, improve security practices