A data breach is a serious, complicated and costly event that can potentially lead to identity theft. In the past few years we have seen an ever-increasing number of incidents reported in the press about such breaches.
The “equifax data breach settlement status” is a legal issue that has been ongoing for a while. The issue was finally settled in the summer of 2018.
(This page was last updated on November 30, 2018)
Every year, more consumers are exposed to fraud and identity theft as a result of data breaches. Hackers have access to anything from email passwords to Social Security numbers, making data breaches like Yahoo’s in 2013 and 2014, which exposed 1.4 billion accounts, potentially disastrous for customers.
Customers’ and workers’ data must be protected with reasonable care by businesses. Consumers may band together to bring a class action lawsuit against a corporation or website if they fail to do so and/or fail to notify them of a breach in a timely way.
For example, the Marriott data breach, which affected over 500 million people, will almost certainly result in a class action lawsuit.
Consumers have received tens of millions of dollars in settlements after data breach claims.
Anthem (2017) grossed $115 million dollars.
Anthem Inc., America’s biggest insurance business, agreed to a $115 million settlement in June 2017 after a data breach exposed the personal information of 80 million clients. This is the world’s biggest data breach settlement.
The funds will be used in part to provide credit monitoring to those who have been affected. Instead, some customers will get $50 in cash.
Home Depot (2017) has a market capitalization of $25 million.
When Home Depot agreed to a $25 million settlement with dozens of banks and credit card firms affected by its 2014 data breach in March 2017, its data breach costs skyrocketed once again. Home Depot must strengthen its cybersecurity and “subjects its suppliers to extra scrutiny” as part of the deal, according to Fortune.
According to court records, Home Depot’s total damages as a result of the data breach have now surpassed $179 million, according to Fortune.
$19.5 million in 2016 for Home Depot
A hacker broke into Home Depot’s security between April and September 2014, gaining access to the information of more than 50 million credit cards and email addresses, making it one of the greatest data breaches in history.
The corporation agreed to settle in March 2016, paying consumers a total of $19.5 million ($13 million to compensate incurred expenditures and $6.5 million for 18-month identity protection services). Home Depot also committed to upgrade its security procedures, including the employment of a chief information security officer.
Ashley Madison – $12.8 million (2016-2017).
A data breach at the notorious Toronto-based dating service Ashley Madison, which was meant to assist individuals meet sexual partners outside of their relationships, revealed 36 million accounts in July 2015. (Its previous slogan was, “Life is short, have an affair.”)
Ashley Madison agreed to pay $1.6 million in December 2016 to resolve data breach claims brought by the US Federal Trade Commission (FTC) and 13 states (plus the District of Columbia) alleging the firm failed to secure its clients’ data.
Then, in July 2017, Ashley Madison agreed to pay $11.2 million to resolve more than 20 lawsuits brought by customers who had been affected by the data leak. Under the terms of the settlement, victims who experienced identity theft as a consequence of the breach might receive up to $2,000 in compensation.
$1.25 million for LinkedIn in 2015.
A data breach at LinkedIn in 2012 resulted in the exposure of 6.5 million user passwords on the internet. Khalilah Gilmore-Wright initiated a class action lawsuit against LinkedIn, alleging that she and other premium customers paid for the site under the impression that it provided industry-standard security.
On September 21, 2015, LinkedIn reached an agreement. A $1.25 million fund was set up as part of the deal to repay subscribers who paid for premium memberships between March 2006 and June 2012. LinkedIn also promised to improve its security safeguards in order to better secure credentials.
Target (2015) has a budget of $28.5 million.
Target was slapped with many lawsuits from customers and banks after a significant security breach during the 2013 Christmas season. The spyware that hacked the organization exposed 42 million credit and debit cards, as well as 61 million client names and addresses.
The corporation resolved a federal class action lawsuit in March 2015, paying consumers a whooping $10 million. The corporation also promised to upgrade its security procedures, including employing a chief information security officer and providing personnel with security training.
Target then agreed to pay an extra $18.5 million to 47 states and the District of Columbia in May 2017 to settle a large probe by state attorneys general. (The agreement did not include Alabama, Wisconsin, or Wyoming.)
As a consequence of the data breach, Target has spent more than $200 million in settlements and legal expenses.
Sony (2015) has a budget of $8 million.
Sony was not only entangled in issues about free speech as The Interview swiftly transformed a Hollywood comedy into a political nightmare; they also watched North Korean hackers get through their poor security procedures and steal personal data from its workers. Employees also realized that their income and health information had been obtained as a result of the leaked emails.
Sony agreed to a $8 million settlement in October 2015, attempting to put the 2014 breach behind them. More than half of the amount, $4.5 million, was set aside to pay for identity theft protection services and refund workers who had their identities stolen.
Avmed (2014) has a budget of $3 million.
When two Avmed corporate computers were taken, more than one million clients were at danger of identity theft. During the 2009 attack, users’ names, Social Security numbers, addresses, and phone numbers were exposed.
In 2014, Avmed reached a settlement with the plaintiffs in a class action lawsuit. Customers will get $3 million as a result of their agreement. Customers did not have to incur financial damages as a result of the breach to be eligible for the payment.
Stanford Hospital & Clinics – $4.125 million in 2014.
Starting in September 2010, the medical records of almost 20,000 Stanford Hospital emergency department patients were made public online for nearly a year.
Shana Springer accused Stanford Hospital of breaching the Confidentiality of Medical Information Act in a class action complaint filed in 2011. In 2014, Stanford consented to a $4.125 million settlement, which included a little more than $100 for each impacted patient and $500,000 to educate contractors on privacy breaches.
Vendini (2014) is a $3 million film.
In April 2013, the live events ticket vendor Vendini was hacked. Customer information such as names, addresses, and credit card numbers was taken.
Lanie Lim and John Lewart, the primary plaintiffs, filed a class action case in January of the following year. Vendini agreed to a $3 million settlement in October 2014 to reimburse all plaintiffs’ fees.
Schnuck Markets (2013) — No information available
Between December 2012 and March 2013, 2.4 million credit and debit cards were exposed in a data breach at Schnuck Markets. Soon later, Susan McGann and other Schnuck consumers launched a class action lawsuit on their behalf. It alleged that the corporation failed to inform consumers in a timely way and that client financial data was not safe.
In July 2013, Schnuck Markets promptly agreed to a settlement. The agreement includes compensation for out-of-pocket expenditures incurred as a result of the breach, as well as a payment of up to $10,000 to each victim of identity theft.
Yahoo is still going strong.
Yahoo reported what might be the greatest data breach in history in September 2016, impacting more than 500 million users. Usernames, birth dates, passwords, and security questions and answers were among the data obtained.
Attorneys for ClassAction.com filed a negligence case against Google for failing to safeguard and notify customers shortly after. Yahoo allegedly failed to protect users’ personal information and failed to give timely, accurate, or appropriate notification of the data breach, according to the lawsuit.
We may be able to assist you if you have experienced financial or reputational loss as a result of a data breach. Our lawyers have successfully defended clients in some of the greatest data breaches in history, including a $19.5 million settlement in a class action case against Home Depot.
For a free, no-obligation case assessment, contact us now.
Watch This Video-
The “ehs data breach settlement administrator” is a company that helps people who have been affected by the e-health records data breach. The company offers a variety of services, including legal support and information on how to file an insurance claim.
Frequently Asked Questions
How do I get my settlement money?
A: You will need to contact the company that you were supposed to file a claim with. They should be able to provide some guidance on how they would like your settlement money sent back
How do you get a settlement check?
A: To get a settlement check, you have to sue someone who owes money or assets. You would need an attorney and usually your case will be set for trial before the court decides whether they should give you payment or not.
Where is my Experian settlement check?
A: The payment information you provided to Experian when filling out your settlement check was not successful, and the funds were returned to your account.
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