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#Equifax data breach settlement email legit mods
Want to share information or resources? Message The Mods to find out how! You would rather build a relationship with the /r/CyberSecurity community than get banned! Please message the mods before posting links to your own projects or if you have any questions about the advertising policiesĭo not post personally-identifiable information, unless the source has consented to it. Such posts will be heavily monitored and comments may be locked as needed. Posts discussing political issues that affect security are fine, but the post must be geared towards the security implication. No editorializing and no political agendas. This is the guiding principle for all posts. No fundamental security questions or tech support requestsīasic questions on security concepts and fundamentals and requests for tech support are not appropriate for this subreddit. Posts related to burglar alarms, weapons, and similar concepts are not appropriate for this sub. This is not a general security subreddit. Must be relevant to security professionals For example, "why passwords are important" is too fundamental.

"This security forum is oriented towards private white hat security professionals." If a post has very basic information, it is not appropriate for this sub.

Please note, the 'old' Reddit is no longer kept up to date. This security forum is oriented towards private white hat security professionals. To see the current sidebar and rules you must view them on new reddit. Regardless, I’m off to pump a few “free” gallons of gas.NOTICE: This sidebar and rules are no longer being updated. If these consequences neither deter future cyber-negligence nor compensate victims for harms experienced, what, then, are they for? Unfortunately, some argue they are ‘mostly exercises in public relations,’ remediating the reputation of both regulators and companies alike.” Settlements like the Equifax one “neither affect the business practices of these global giants, nor do they provide adequate remedies for the victims harmed.

“Even when companies are unquestionably at legal fault, the victims of data malfeasance are frequently unable to receive adequate compensation, if anything at all,” writes Indiana University law professor Joao Marinotti in an NYU Law Review article. While I’m happy to have a few more dollars in my bank account, I’d be even happier if Equifax had been truly held accountable for its egregious data breach. Even if the average payment were $15, that would mean close to 10 million Americans filed a claim, or 6.7%.

If it were $5.20, that would mean 28 million Americans filed a claim, or close to 20% of eligible individuals. It is hard to know the average payment made by Equifax, but it appears to be quite low. I questioned this forecast in 2019: “was it reasonable to assume that only 248,000 would want to at least get some money back after Equifax’s egregious handling of their data? Was it reasonable to assume that there wouldn’t be more anger and a desire to make Equifax pay for its security lapses?” That translates to a forecasted claim rate of 0.17%. With a purported settlement payment of $125 and a fixed pot of $31 million, Schoshinski appears to have calculated that only 248,000 Americans would file a claim and ask for the cash payment.
