Equifax will be paying data breach victims up to 20 grand

It was just about two years ago when Equifax was hit with a massive data breach. Now, the company’s struck a deal with the Federal Trade Commission that’ll see them fork out as much as $700 million to victims that were affected by it. About half of that will go toward providing free credit monitoring for up to 18 years for anyone who was a victim. In addition, some victims can score up to $20,000 if they can prove “breach-related expenses” like out-of-pocket spending dealing with theft or fraud. The deal still has to go to the courts.

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