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Equifax will pay up to $700 million

Equifax to pay up to $700 million for 2017

If the settlement is approved, victims who had their data stolen can receive cash payments of up to $20,000 from the credit bureau.

(CNN Business)If you’re among the 147 million Americans whose credit data was compromised in the 2017 Equifax data breach, read on. You may be eligible for compensation.The Federal Trade Commission ruled Monday that credit reporting agency Equifax will have to pay up to $700 million in individual compensation and civil penalties because of the hack. According to the commission’s online claims process, those whose personal information was exposed can get free credit monitoring for 10 years: four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax. To read more go to the link below:

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