DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Never count your Equifax chicken$ before… well, you know

Posted on July 31, 2019 by Dissent

If you had a gleam in your eye thinking about how you might get $125 from Equifax as part of their settlement, guess again.

The FTC announced today that so many people had already filed claims that Equifax wouldn’t have enough money to pay everyone, so …… the FTC says to take the free credit monitoring, which they actually claim is a better deal for consumers than the cash.

Personally, I’d take the $125 and then just put a security freeze on my credit reports for free, but hey…

So if you are trying to file a claim, you may have trouble requesting the monetary payout, although I’m getting mixed reports about that on Twitter from a few people who have tried with different results.  According to the current site, you can still request the cash payment, but FTC is saying that you likely won’t get $125 and may be very unhappy with the amount you do get.

Note that the EquifaxBreachSettlement.com site has not been updated to say that you cannot get a monetary payout, but the FTC has changed its tune and its FAQ (#5).  See FTC Encourages Consumers to Opt for Free Credit Monitoring, as part of Equifax Settlement.

Related posts:

  • Equifax Reaches $1.4 Billion Data Breach Settlement in Consumer Class Action; Also Agrees to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
  • Credit reporting firm Equifax says data breach could potentially affect 143 million US consumers
  • Veterans Administration responds to Freedom of Information request; releases breach reports
  • Equifax data breach aftermath: lawsuits and criticism mount, stock prices plummet (Updates)
Category: Business SectorCommentaries and AnalysesHackOf NoteU.S.

Post navigation

← Dozens of Government Websites Defaced by “VandaTheGod” Hacktivists
Pearson Hack Exposed Details on Thousands of U.S. Students →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Horizon Healthcare RCM discloses ransomware attack in December
  • Disgruntled IT Worker Jailed for Cyber Attack, Huddersfield
  • Hacker helped kill FBI sources, witnesses in El Chapo case, according to watchdog report
  • Texas Centers for Infectious Disease Associates Notifies Individuals of Data Breach in 2024
  • Battlefords Union Hospitals notifies patients of employee snooping in their records
  • Alert: Scattered Spider has added North American airline and transportation organizations to their target list
  • Northern Light Health patients affected by security incident at Compumedics; 10 healthcare entities affected
  • Privacy commissioner reviewing reported Ontario Health atHome data breach
  • CMS warns Medicare providers of fraud scheme
  • Ex-student charged with wave of cyber attacks on Sydney uni

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • Supreme Court Decision on Age Verification Tramples Free Speech and Undermines Privacy
  • New Jersey Issues Draft Privacy Regulations: The New
  • Hacker helped kill FBI sources, witnesses in El Chapo case, according to watchdog report
  • Germany Wants Apple, Google to Remove DeepSeek From Their App Stores
  • Supreme Court upholds Texas law requiring age verification on porn sites
  • Justices nix Medicaid ‘right’ to choose doctor, defunding Planned Parenthood in South Carolina
  • European Commission publishes its plan to enable more effective law enforcement access to data

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.