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Equifax Data Breach Extended Claim Class Action Settlement Overview:
- Who: Consumers can make a claim to join a $425 million Equifax data breach settlement during an extended claims period that runs through Jan. 22, 2024.
- Why: Claimants can be reimbursed for time spent recovering from the data breach or money lost or spent due to the data breach during the time of the extended claim period.
- Where: Consumers nationwide are part of the class affected by the Equifax data breach.
Consumers still facing injury from a massive Equifax data breach in 2017 can file a claim during an extended claim period for the $425 million settlement through Jan. 22, 2024.
The settlement was made to benefit the estimated 147 million Equifax customers who were affected by the September 2017 data breach, which exposed customers’ personal and financial information and involved nearly half of the U.S. population.
Equifax agreed to the settlement to resolve customers’ claims that it had failed to implement proper cybersecurity measures to prevent the data breach and keep their private information safe.
The initial claim period ended in January 2020; however, customers who still want to file a claim, or make an additional one, can do so.
Consumers who are eligible to file a claim during the extended period have either spent time recovering from the breach or lost or spent money due to the breach during the extended period.
Supporting documents will need to be included to show the money lost or spent, and, if more than 10 hours in total, the time spent recovering from the data breach during the extended claim period.
In addition to the proper documentation, consumers looking to file a claim must fill out a form detailing their information and any claim numbers from ones made during the initial claim period.
Equifax Claimants Can’t Have Been Reimbursed ‘Through Other Means’
Consumers eligible to receive reimbursement for claims made during the extended period can also not have “received reimbursement for the claimed loss through other means,” according to the official website for the Equifax breach settlement.
Losses that are eligible for claim during the extended claim period must have occurred between Jan. 23, 2020 (the day after the end of the initial claim period), and Jan. 22, 2024.
For time spent, claimants may be eligible for reimbursement for up to 20 hours, at a rate of $25 per hour, for time spent recovering from issues directly related to the data breach, such as fraud, identity theft or other misuse of personal financial information.
Individuals looking to recover out-of-pocket losses incurred during the extended claim period, meanwhile, can be eligible to receive financial reimbursement of up to $20,000.
Claimants during the extended claim period will also be eligible to receive up to seven years of free identity restoration services, starting from the day the settlement went into effect on Jan. 11, 2022.
A separate class action settlement was made this month by Herff Jones, which agreed to pay $4.35 million to resolve claims revolving around a 2021 data breach.
Was your personal information exposed during the 2017 Equifax data breach? Let us know in the comments!
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