For those who have to spend time and money as a result of the breach, Equifax can provide larger amounts, up to $ 20,000.
According to the FTC, these losses may include unauthorized fees on your accounts, lawyer or accountant fees, the cost of freezing or freezing your credit report, or the cost of credit monitoring.
If you can provide documentation about your time spent throwing yourself away with the collapse of the data, you can be paid $ 25 per hour for up to 20 hours of personal time spent.
The deadline for excluding yourself or opting out of the settlement process is November 1
The data breakthrough was the biggest in history
Sensitive information was revealed, including name, date of birth, driver's license number, social security number and addresses.
According to the settlement, Equifax will have to pay between $ 300 million and $ 425 million to the people to whom the data was exposed, and another $ 275 million in civil penalties for 48 states, Washington, Puerto Rico, and the Bureau of Consumer Finance Protection Bureau.
"Companies that profit from personal information have an extra responsibility to protect and secure this data," said FTC chairman Joe Simons as a tatement. "Equifax failed to take basic steps that may have prevented the breach."