Equifax Reaches $700m Settlement Posted by AVCU on 11:49 AM

Equifax, one of the biggest credit reporting agencies in the United States, has reached a $700 million settlement over its history-making massive security breach of 2017.  That's the largest data breach settlement amount in history.  Personal data of about 56% of American adults, or 145 million consumers, was exposed in the data breach . . . including names, addresses and social security numbers. Watch the NBC Today show video below for the details

Affected consumers will receive:

• $25 for each hour spent safe-guarding their information
• reimbursement for certain credit monitoring programs
• 10 years of free credit monitoring

Watch the embedded video below for the whole story and advice to consumers.