![]() Paper claims forms can also be requested over the phone. reorganizing its patch management team and employing new policies regarding the identification and deployment of critical security updates and patches.Ĭonsumers who are eligible for redress will be required to submit claims online or by mail.reorganizing and segmenting its network and.employing improved access control and account management tools. ![]() performing regular security monitoring, logging and testing.minimizing its collection of sensitive data and the use of consumers’ Social Security numbers. ![]() requiring Equifax to maintain sufficient staff dedicated to assisting consumers who may be victims of identity theft.Īdditionally, Equifax has agreed to strengthen its security practices going forward, including:.making it easier for consumers to dispute inaccurate information in credit reports and.making it easier for consumers to freeze and thaw their credit.The company will also offer affected consumers extended credit-monitoring services for a total of 10 years.Įquifax has also agreed to take several steps to assist consumers who are either facing identity theft issues or who have already had their identities stolen including, but not limited to, terms: If the $300 million is exhausted, the Fund can increase by up to an additional $125 million. Under the terms of the settlement, Equifax agreed to provide a single Consumer Restitution Fund of up to $425 million-with $300 million dedicated to consumer redress. As a result, the attackers penetrated Equifax’s system and went unnoticed for 76 days. Moreover, Equifax failed to replace software that monitored the breached network for suspicious activity. Despite knowing about a critical vulnerability in its software, Equifax failed to fully patch its systems. The investigation found that the breach occurred because Equifax failed to implement an adequate security program to protect consumers’ highly sensitive personal information. Shortly after the breach, a coalition that grew to 50 attorneys general launched a multi-state investigation into the breach. Breached information included social security numbers, names, dates of birth, addresses, credit card numbers, and in some cases, driver’s license numbers. ![]() population, including more than 4 million Virginians. On September 7, 2017, Equifax, one of the largest consumer reporting agencies in the world, announced a data breach affecting more than 147 million consumers – nearly half of the U.S. While this settlement puts Virginians who have been affected by the data breach one step closer to being made whole, consumers need to remain vigilant regarding their data, including monitoring their credit card and bank statements as well as credit reports.” “I hope this settlement sends a message to companies nationwide that my colleagues and I will not tolerate their failure to keep consumers information protected and private. “More than 4 million Virginians had their personal information compromised by Equifax’s negligence and failure to implement adequate security programs,” said Attorney General Herring. This is the largest data breach enforcement action in history. The settlement includes a Consumer Restitution Fund of up to $425 million, a $175 million payment to the states, which includes $4,302,173.75 for Virginia, and injunctive relief, which also includes a significant financial commitment. The investigation found that Equifax’s failure to maintain a reasonable security system enabled hackers to penetrate its systems, exposing the data of 56 percent of American adults-the largest-ever breach of consumer data. Herring today announced that a coalition of 50 attorneys general, comprising 48 states, the District of Columbia, and the Commonwealth of Puerto Rico has reached a settlement with Equifax as the result of an investigation into a massive 2017 data breach. The entire release - including information about filing claims for redress - is below: RICHMOND (WINA) – State Attorney General Mark Herring says Virginia’s share of the Equifax data breach settlement is more than $4.3-million after more than 4-million Virginians had their personal information compromised. An investigation into the 2017 data breach - according to Herring’s office - found Equifax’s failure to maintain a reasonable security system enabled hackers to penetrate its systems, exposing the data of 56 percent of American adults. He says that’s the largest consumer data breach ever - and this is also the largest data breach enforcement action ever.īreached information included social security numbers, names, dates of birth, addresses, credit card numbers, and in some cases, driver’s license numbers.
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