If you are an adult human being living in the United States, Equifax is making a lot of money from your personal data (Equifax's annual revenue is $3.1 billion. Its CEO Mark Begor gets over $20 million a year in compensation). As you know, Equifax violated the trust of 147 million people in a massive data breach in 2017, opening them up to identity theft and other abuses. You've also heard that Equifax has agreed to pay everyone affected by the breach $125. That is not close to sufficient, but it's something. However, if you filed a claim for your $125, you will might be surprised that your actual check will be a fraction of that.
From Equifax's FAQ:
If there are more than $31 million claims for Alternative Reimbursement Compensation, all payments for Alternative Reimbursement Compensation will be lowered and distributed on a proportional basis.
That means you will get $125 only if fewer than 250,000 people file a claim. It's likely many more people will file a claim. Suppose 10% of those affected (14.7 million) file a claim. They'd each get a check for $2.11.
Image: Shutterstock/ESB Professional (Modified)
Unicorn is a scooter company that launched with a lot of flash and hype. Unicorn’s CEO Nick Evans is the co-creator of Tile, the GPS tracking app. The company spent a vast amount of money on Facebook ads but only got pre-orders for 350 scooters. Now Evans says they have no money left and no […]
Ayn Rand fanboy (except for the atheist and abortion stuff) Paul Ryan was busting with pride to announce on Twitter that the GOP’s tax bill resulted in a whopping $1.50 a week pay increase for a high school secretary in PA. “She said [that] will more than cover her Costco membership for a year,” he […]
Wells Fargo admits that its employees opened more than 2,000,000 fake accounts in order to run up fraudulent charges against its customers (employees who balked at committing fraud were fired and blacklisted for life from the banking industry); it also says that the customers it stole from can’t sue the company because fake account paperwork […]
You don’t need to be a climate scientist in order to know that the Earth is in serious trouble, but the good news is that you also don’t need to necessarily make any drastic changes to your lifestyle in order to do your part to help. This nOcean Wearable Reusable Silicone Straw will help you […]
When it comes to conquering that resolution list and hitting all of your goals in 2020, nothing is more important than getting a great night’s sleep every night so you can wake up feeling refreshed and extra productive. The CarbonIce: 7-in-1 Bacteria Protection & Cooling Pillow will help you do just that, and right now […]
It’s no secret that business leaders and project managers require a certain set of skills in order to outpace the competition and increase the overall efficiency of their company or team. The Lean Six Sigma Expert Training Bundle will take your managerial skills to the next level through training that will help you earn some […]