Data breach victims can claim up to $20,000 each for unreimbursed expenses. But it’s unclear how many victims could document such losses, in which case much of the $300 million victim fund would flow to the U.S. Treasury. Some consumer advocates view the proposed deal as being insufficient, given the magnitude of Equifax’s data breach. The Atlanta-based credit reporting giant will pay at least $575 million to settle federal and state probes and class-action lawsuits that arose from its failure to adequately protect information.”]
Source: https://www.cuinfosecurity.com/consumer-advocates-criticize-equifax-settlement-plan-a-12815