If you’re eligible for compensation of up to $125, you’ll need to already have credit monitoring that will continue for at least six more months. Hackers exposed social security numbers and other sensitive data, affecting 147 million consumers. Equifax, MGM Resorts and beyond: Every major security breach and data hack Data breaches are scary. Equifax® 3-Bureau credit scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian® and TransUnion® credit files. The Federal Trade Commission is urging consumers affected by Equifax’s 2017 data breach to consider signing up for the free credit monitoring offered as part of the settlement. Unless you’ve been living under a rock, you probably heard that one of the biggest credit agencies in the world, Equifax, had a massive data breach in May 2017. If your data was compromised by the 2017 breach, Equifax has a dedicated site to let you file a claim. Editor’s note: This article was updated Oct. 2, 2018 to include new information about credit freezes.. Read more: Equifax data breach: 5 things to expect when you freeze your credit. So millions of U.S. consumers should take steps to protect themselves from having their identity hijacked to open new accounts, collect government benefits or … Wednesday is the deadline to file your claim for Equifax data breach settlement. You may have credit monitoring through Credit Karma and can check your account to confirm. The massive data breach at Equifax announced in September 2017 exposed potent information for identity theft, experts said.
Money expert Clark Howard said this is “absolutely the worst data breach in the history of the modern era,” so it’s understandable why so many people rushed online to see if they had reason to worry. Four months after the Equifax data breach became public, it’s deadline time: Consumers have until Jan. 31, 2018, to consider Equifax’s offer of free credit monitoring services.. Editor’s note: Separately, Equifax has extended its offer for freezing your credit report for free to June 30, 2018. Scariest of all is that they can come at any time, to any of the financial institutions you trust. Third parties use many different types of credit scores and will not use the Equifax 3-Bureau credit scores to … By Khristopher J. Brooks Updated on: January 21, 2020 / 11:31 AM / MoneyWatch If you were affected by the Equifax 2017 data breach, you are running out of time to file a claim for free credit monitoring or compensation. Under the terms of the settlement, those who were impacted by the Equifax data breach are eligible to receive up to 10 years of credit monitoring or a $125 cash payment. Only 2% of the Equifax data breach victims have signed up for free credit monitoring so far Published: Nov. 1, 2019 at 9:54 a.m. ET What you need to know about Equifax’s data breach website.