It turns out that so many people signed up to receive $125 cash instead of credit monitoring in the Equifax breach settlement that no one will receive much money. There’s nothing we can do about it, and that has many of us fuming.
Equifax has reached a deal to pay up to $425 million to Americans in order to compensate them for the credit bureau’s massive data breach. But a large percentage of the fine will be paid only if its claimed by people whose data was exposed in the breach—learn how to get your share of the settlement.
Credit-reporting agency Equifax has exposed the private information of 143 million Americans. Rich Mogull outlines some steps you can take, but they won’t amount to much until the system changes.