Shackelford noted that the growing use of cloud-based data storage services run by the likes of Google and Amazon makes encryption more accessible to smaller companies.
apparently too many people signed up and now the FTC is helping Equifax by telling people not to ask for money from the company any more. First, though, the good: all 147 million people can ask for and get free credit monitoring.
"You can still choose the cash option on the claim form," notes the agency, "but you will be disappointed with the amount you receive and you won’t get the free credit monitoring.". WATCH: How to get free money or credit monitoring from the Equifax data breach.
It’s become a drearily familiar story: A data breach at a major company exposes troves of sensitive information, putting millions of people at risk of online fraud.
Banking institution Capital One has just revealed that it’s suffered a data breach that exposed the names, addresses, phone numbers, emails, dates of birth, and self-reported incomes of approximately 100 million Americans, and 6 million in Canada, due to a “configuration vulnerability” in the servers of an unnamed cloud computing company hosting the bank’s data.
But the likelihood that you’ll actually get a check for $125 is increasingly slim — because the more people who sign up, the less money each person gets. As developer Rufo Sanchez notes on Twitter, the fine print shows that after $31 million worth of people sign up for those $125 checks...
In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. If your information was exposed in the data breach , you can file a claim at for the benefits described below.
Equifax Inc. has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories, which alleged that the credit reporting company’s failure to take reasonable steps to secure its network led to a data breach in 2017 that affected approximately 147 million people.
The law is generally aimed at two classes of businesses:Data brokers : companies that either make a majority of their revenue by selling personal information of consumers or that trade (obtain, sell, or barter) more than 50,000 records per year.
Ignite is marketed as a “revolutionary portfolio of premier data and advanced analytics solutions.” Equifax claims that the product aims to offer companies specialised data, so they can “pinpoint specific risk groups, target audiences and more.” Under all of this lingo lies a striking reality: the personal data of millions of people outside of the European Union might be on the databases Equifax is selling to its customers, many of them without any legal safeguards in regard to its use.
The Federal Trade Commission’s top consumer protection official is prohibited from handling the cases involving 120 different companies, including Facebook, Twitter, Microsoft, and Uber, according to financial disclosure documents published by Public Citizen today.
The news came in an email Equifax is sending to people who took the company up on its offer for one year of free credit monitoring through its TrustedID Premier service.