If you still have your claim number, you can enter it on the website to check the status of your claim. General Accountability Office and an in-depth analysis by Bloomberg Businessweek. The Equifax data breach settlement website will be updated with developments. The crisis was the subject of a detailed report by the U.S. “As the broader investigation into the Equifax breach continues, some state officials want to know why Equifax didn’t say something sooner. The inquiries are aimed at determining whether Equifax might have violated state laws requiring companies to notify consumers promptly when cyber-thieves steal personal data.” The failure by Equifax to disclose the data breach for six weeks sparked additional headlines and investigations.Īccording to the Wall Street Journal in October 2017, “Attorneys general in at least five states are looking into why credit-reporting firm Equifax Inc. didn’t tell the public for nearly six weeks about the massive data breach that potentially compromised the personal information of 145.5 million Americans. “Three other executives, including the chief financial officer, have drawn scrutiny for selling $1.8 million of company stock just days after the breach was discovered internally but nearly six weeks before it was announced to the public.” Delayed Disclosure Sparks Investigations The company said its chief information officer and chief security officer retired earlier this month. “The breach has sparked multiple investigations at the state and federal level, including the Department of Justice in Atlanta, where Equifax is based, and the Federal Trade Commission. On September 26, 2017, CNBC reported that, “Richard Smith, CEO and chairman of Equifax, abruptly retired Tuesday following a data breach at the credit-reporting service that affected the personal information of 143 million people. This may come as a bit of a surprise to consumers who throughout 2019 were invited to take part in class action lawsuits over the breach through emails inviting them to claim benefits in the Equifax data breach settlement, or similar. The second breach of customers’ trust may prove just as difficult.” “The breach of sensitive personal data may be impossible to repair. This is not the first data breach at the major reporting agency. Members of Congress are also concerned that Equifax delayed notifying the public for more than a month after it learned of the breach. How was customer data breached at Equifax Consumer credit reporting agency Equifax experienced a data breach in 2017 that saw the company fined 500,000 by the. The information includes names, birth dates, addresses and Social Security numbers. Equifax claims that the executives had not been apprised of the breach when the stock was sold. “Hackers stole personal information for as many as 143 million individuals from Equifax’s credit files, leaving them vulnerable to identity theft. The question for Equifax is whether Smith follows the example of Tylenol after fatal product tampering, BP after a fatal oil spill, or JetBlue after a disruptive ice storm. “Corporate America is no stranger to such existential moments.
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