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Begor, CEO of Equifax, said in the joint announcement. Under a recent settlement, Equifax agreed to. “The Efficient Hire acquisition demonstrates our commitment to reinvesting our 2021 outperformance in bolt-on acquisitions that further position Equifax for diversified growth,” Mark W. In September 2017, Equifax announced a data breach that exposed the personal information of 147 million people. See also: Equifax Acquiring Efficient Hire to Enhance Workforce Services This will allow it to offer more hiring and employment services and info. The release says people can file a claim for expenses incurred from identity theft or fraud from the breach, including for losses for unauthorized charges to accounts, fees paid to professionals to help recover from it, and other things like “notary fees, document shipping fees, postage, mileage and phone charges.”Įquifax also recently acquired Efficient Hire, a cloud reporting, onboarding and human resources (HR) management platform. states and territories, and the settlement will also offer up to $425 million to help those affected by the breach. It affected the personal info of 147 million people.Įquifax reached an agreement with the FTC, the Consumer Financial Protection Bureau and 50 U.S. The data breach in question was announced by the company in September of 2017.

Data Security Breach Litigation, Equifax moved to dismiss the Complaint.

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Eligible claimants will receive a free four-year membership in Experian IdentityWorks, which offers identity theft protection, and users don’t have to provide payment info to enroll or cancel the service when it ends. This Settlement Agreement and Release (Agreement) is made as of July 22. The settlement was finalized in January 2022 and the settlement administrator has begun contacting those who filed valid claims, according to the update.

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To check your eligibility, visit the Equifax Data Breach Settlement website.Equifax has reached a settlement over its data breach, according to an update put out by the Federal Trade Commission (FTC). Your IdentityWorks membership lasts for four years, and you don’t need to cancel the service when it expires.Įven if you didn’t file a claim, if you become an identity-theft victim, you can get free identity-restoration services-such as help contacting your banks and lenders and notifying law enforcement-if you are among those whose data was exposed in the Equifax breach. consumers get seven free Equifax credit reports per year. You also get monthly access to your Experian credit report-although you can get a free credit report each week from each of the three major credit bureaus for the remainder of 2022 at and through 2026 all U.S. The service also provides monitoring of internet black markets for your personal data, and up to $1 million in identity theft insurance, which reimburses you for certain expenses related to recovery from identity theft, such as lost wages or income, attorney and legal fees, and costs of child or elder care. The attorneys general secured a settlement with Equifax that includes a Consumer Restitution Fund of up to 425 million, a 175 million payment to the states. If a new inquiry (a request by a lender to view your credit report), credit card, loan or collection account pops up on your credit reports, IdentityWorks should notify you. Those are key pieces of information that a criminal can use to open credit accounts in your name, among other forms of identity theft. Names, birth dates and Social Security numbers are among the data involved in the breach.

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How to Get Hacked and Become a Victim of Identity Theft.

Equifax breach settlement