(Federal Trade Commission) In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. Under a settlement filed today, Equifax agreed to spend up to $425 million to help people affected by the data breach. If you were affected by the Equifax breach, you can't file a claim just yet. That's coming. But you can sign up for FTC email alerts about the settlement at ftc.gov/Equifax.
Get credit monitoring or $125 cash... for 147 million people.
Normally I wouldn't repost things like this, but in this case, the idea that Equifax is going to pay out up to $425 million to help 147 million people protected by credit monitoring or receiving $125 million in cash.. for a missed patch.
Simple misses can lead to large payouts --and smaller companies have much a much harder time attempting to protect their customer data. This information can be managed but in the case of the behemoth Equifax, the ease of which one patch can be missed is SOOO easy.
Click the graphic (or here) to see the full list of Equifax Breach Settlement terms.
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