Many reputable news organizations have been freely informing people that Equifax has agreed to pay $125 to everyone affected by the scandalous data breach that they attempted to ignore/cover up back in July 2017 (when they delayed alerting the public for almost two months after discovering the breach). The fact is that the settlement does not include anything close to $125 for every affected person.
What Equifax has actually agreed to do is to pay “up to” $125 to each person who files a valid claim…but no more than $31 million in total. $31 million dollars divided by 147 million people (the number of people whose data was exposed) leaves…21 cents . . . → Read More: Equifax does not Owe You $125—Understanding the Data Breach Settlement
