Are you interested in receiving a free $125? If so, then the latest fallout from the Equifax data scandal should capture your attention.
What exactly happened during the Equifax data breach, and why should you care? Most importantly, how can you claim your $125 right now? Find out all the answers and more below.
What Happened During the Equifax Data Breach?
Equifax is a well-known credit reporting agency. The business collects and stores the personal information of over 800 million consumers and over 88 million businesses across the globe. Despite that, the company apparently suffered from an egregious and unprecedented data breach back in 2017. The incident left the personal data of millions of people exposed and in the hands of hackers.
Why Should I Care About the Equifax Data Breach?
The implications of this data breach are widespread. The exposure of personal data leads to:
• Increased credit card fraud
• Cases of identity theft
• Risks to personal safety after the exposure of employment history, children’s names, and schools
• The irreparable loss of consumer trust
• Damage to the overall U.S. economy
When analyzing what happened during the data breach, many were surprised to learn that hackers obtained the data due to the company’s improperly secured web application. How was Equifax so negligent in handling consumer safety? While we can’t have a definitive answer to this question, we can help prevent similar things from happening in the future. How? Consumers who were impacted by the breach should consider joining the claim against the company. Doing so sends the message that such haphazard security is unacceptable.
How to File Your Claim Now
According to the settlement reached by the company, every citizen whose information was at risk is eligible to seek out compensation. Currently, the company is offering each person the choice of receiving a $125 check or prepaid card. You can also forgo the money for six free months of credit monitoring through Equifax if you’d prefer.
Click here to immediately get redirected to the Federal Trade Commission’s website. Click the blue “File a Claim” button to begin the process. Once you’ve submitted your information, the process is complete. Checks and prepaid cards will be sent out as early as January 23, 2020.
If you were the victim of identity theft or credit card fraud after the breach, then you may be eligible to pursue even more compensation. Refer to the FTC’s website for more details about how to seek compensation for your losses.
Dil Bole Oberoi
