Equifax Data-Breach Settlement: Get Up to $20,000 If You Can Prove Harm
Two years after a major data breach exposed the personal information of around 147 million Americans, the credit bureau Equifax has agreed to pay at least $650 million to resolve consumer claims and multiple state and federal investigations stemming from the episode, according to The New York Times.
At least $300 million of that amount will go to consumers, with an additional $125 million available if the initial fund is exhausted.
Times reporter David Yaffe-Bellany writes that individual victims may be able to claim as much as $20,000 in compensation for losses resulting from the breach if they can prove they were harmed.