How to file a settlement claim if you were affected by the Equifax data breach


data breach illustrated by an open padlock

Were you affected by the 2017 Equifax data breach? You might have been because 147 million records in the US alone were exposed. If you’d like a refresher on the event, we talked about it in a blog post, along with the remedies available at the time Equifax Data Breach:

Before you dismiss this as ancient history, check this out: The Federal Trade Commission (FTC) recently announced that Equifax has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach.

If you were affected, you might be eligible for

  • Up to 10 years of free credit monitoring
  • A cash payment of $125 in lieu of credit monitoring
  • Payment for time, expenses or losses related to the breach (capped at $20,000)

For more details on what you might be eligible for, see the FTC’s summary of the Equifax Data Breach Settlement

Here’s how to file a claim:

  • The first step is to find out if your information was exposed: use this look-up tool.
  • If your data was exposed, you must file a claim by January 22, 2020. You can file a claim online, or see instructions for filing a hard copy. It’s a fairly easy process. Here are FAQs if you want to learn more.

It may seem nearly impossible to protect your data from being exposed, but don’t give up!  See our post on 66 ways to protect your identity and privacy for tips.

Equifax Data Breach: Here’s what to do if you haven’t acted yet


criminal looking through computer data

If you’ve been immobilized about taking action related to the mammoth Equifax data breach, you’re not alone – many people have been. The sheer enormity and scope of the breach – 143 million records in the US alone – left many feeling hopeless. There have been big breaches before so it is easy to become numb to the significance, but this is a truly alarming incident that merits a response. Equifax, as one of the nation’s big three credit reporting bureaus, has access to your most sensitive personal data, including your birth date, Social Security number, driver’s license, address, account history and more.

We’ve gathered the best consumer advice we’ve found from trusted sources on what you can do to protect yourself.

First up: The Federal Trade Commission (FTC) has compiled an excellent summary page: The Equifax Data Breach: What to Do. It explains more about the breach and the steps that you should take to protect yourself. FTC also points to a very useful site from IdentityTheft.gov related to what you should to when your information is lost or exposed. In a simple drop down menu, they guide you through the steps you should take for various types of exposure, including information about specific breaches. You can see more about these services in this video clip:

Next up: This brief video from AARP is also quite good. Here’s the accompanying article: How to Protect Your Personal Data From Hackers.

Finally, more excellent advice on actions consumers should take comes from Trend Micro, the digital security firm. Their Simply Security blog features a post on The Equifax Data Breach: What Do I Do Next? At the end f the post, they offer a bulleted list of action stops.

Key links you need: