Please contact us for more information about the Equifax Data Breach Class Action. The settlement mandates that Equifax compensate anyone affected by the breach with credit monitoring services Equifax wants you to sign up for their own. Yes, the Equifax Data Breach Settlement email and website are real. How does the Equifax settlement work What are the lessons learned from the Equifax breach In March 2017, personally identifying data of hundreds of millions of people was stolen from. states, Washington, D.C., and Puerto Rico to alleviate. Of course, the Equifax breach is made worse by the fact that Equifax holds itself out as a data security expert who is able to protect consumers, in exchange for monthly subscription fees, against data breaches. On July 22, 2019, Equifax agreed to a settlement with the Federal Trade Commission (FTC), CFPB, 48 U.S. It has since been reported by “good Samaritan” hackers that Equifax’s website coding is riddled with similar vulnerabilities related to outdated software. It would seem that Equifax, for some reason, ignored this instruction. granted final approval a landmark 1.5 billion settlement concluding this data breach class. For some reason, Equifax chose not to follow this most basic security procedure.Īpache Struts, the company which develops Equifax’s web software, has explained that it instructed Equifax in March, 2017 to update its software to protect against certain vulnerabilities. This basic security measure is taken millions of times per day by individual consumers who allow the App Store to update a favourite iPhone app.
#Equifax data breach settlement. install#
Equifax has now admitted that the largest cybersecurity data breach in recent memory was caused by Equifax’s failure to install regular patches, or “updates”, on its web software.
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