

EPIC President Marc Rotenberg testified before the Senate Banking Committee and recommended free credit freezes and other consumer remedies following the 2017 data breach. consumers with 6 free credit reports per year. The settlement also requires Equifax to provide all U.S. Supporting documents are necessary if you seek payment for time lost or costs because of the breach. Credit monitoring or the $125 cash payment is easy and requires no documentation, though the actual amount provided may be less depending on the total number of claims. If you spent time recovering from the breach or lost or spent money because of the breach, you can request payment of up to $20,000.
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There have been larger security breaches by other companies in the past, but the sensitivity of the personal information held by Equifax and the scale of the problem makes this breach unprecedented. The Equifax breach is unprecedented in scope and severity. The credit card numbers of approximately 209,000 consumers were also breached.
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The data breached included names, home addresses, phone numbers, dates of birth, social security numbers, and driver’s license numbers. Equifax, one of the three largest consumer credit reporting agencies in the United States, announced in September 2017 that its systems had been breached and the sensitive personal data of 148 million Americans had been compromised.
