Some 147 Million People have been impacted by the Equifax Breach--members of our team here at the Daily Outsider are among those affected. We commend the team at Technilious for putting this together that we are pleased to present for all :
|With payouts expected to drop substantially, 10 years of credit monitoring may be the better deal.|
If you were a victim of the Equifax data breach, you were probably looking forward to the $125 payment the company offered because of a recent settlement with the FTC. There’s just one small problem: there isn’t enough money to pay everyone.
The settlement only includes $31 million to make those payments, but the Equifax breach exposed the personal information of 147 million people. If every person affected by this data breach asks for a cash payout, the settlement money amounts to less than a quarter per person. And apparently, a lot of people want their cut of the cash, because the FTC is now warning that you won't get $125.
If you aren’t looking forward to cashing a tiny settlement check, you have another option: 10 years of credit monitoring. We take you through how to switch your claim to credit monitoring (and how to make your claim if you haven't already) in our story on Techlicious.