The Equifax Settlement Is Too Little, Too Late

July 30, 2019

In 2017, Equifax – one of the three major credit bureaus – was the victim of a data breach. Hackers stole the personal data of more than 147 million people, and they didn’t just take your credit information. Credit card numbers, Social Security numbers, driver’s licenses and other crucial, Personally Identifiable Information (PII) was compromised. This huge data breach impacted nearly half of all Americans.   “This is old news,” you might be saying. However, Equifax recently reached a settlement agreement with the Federal Trade Commission: As part of the settlement, Equifax is offering up to 10 years of free credit monitoring OR cash payment of up to $125. The consumer may also claim actual damages of up to $20,000 per person. The deadline to file a claim is January 22, 2020.   Your public records are still at risk.   It may be tempting to take the 10 years of credit monitoring, but your exposed information would be more secure – and less likely to be compromised again – if you were to get a more-comprehensive IDShield plan after following the steps to seek the $125 payout along with any actual damages you may be entitled to. If you desire to be excluded from the settlement, you have until November 19, 2019 to opt-out.   If you were one of the 147 million people affected by the data breach, you should know that your credit information alone isn’t the only thing compromised. In addition to your Personally Identifiable Information (PII), such as your Social Security and card numbers, your driver’s license was exposed. A criminal can now use your information and pose as you in any number of illicit activities. That means public and court record monitoring is a necessity if you want to keep close track of your identity.   Fortunately, an IDShield Membership includes Public and Court Record Monitoring so we can watch over your reputation where Equifax can’t.   Your PII is still in danger.   The damage has already been done. Free credit monitoring alone can’t change the fact that your stolen Equifax information is now available for anyone to see – and it’s there to stay. It is likely that your data is on the Dark Web, potentially available for criminals to use. They can sell it for their own profit, help fund other criminal organizations, or use it to conduct illegal transactions. More people are gaining access to your data all the time. Monitoring the Dark Web and the Deep Web is essential to help ensure your information isn’t for sale or being exploited in other ways.   With your IDShield Membership, you receive Dark Web and Deep Web Monitoring, so we can closely watch the web to make sure your information doesn’t appear there.   Your data is still being exploited.   If your PII was exposed, that means thieves can use it for their own gain. This doesn’t just look like a big shopping spree with your money. Thieves can use your information in less “traditional” ways, including pay-day loans, auto/title pawn, rent-to-own outlets, enhanced sub-prime loans/lenders, etc.   Your IDShield Membership provides you the safety of High Risk Transaction and Application Monitoring. This means we can monitor your information if criminals seek to use it for any kind of personal gain.   You can still do something about it.   Equifax’s offer of simple credit monitoring does not fix the problem. We recommend that victims of the data breach get a more comprehensive identity monitoring and protection plan that provides full-service monitoring beyond just credit, which will keep you alerted to a range of future threats.   Of course, consumers should do their research; however, IDShield offers one of the most comprehensive plans available. We provide a protection policy of up to $1 million and an Unlimited Service Guarantee that ensures we will do whatever it takes for as long as it takes to achieve full identity restoration.   Here is the biggest and best news: IDShield has never been breached. We provide full consultation and restoration by our own Licensed Private Investigators to walk you through any issues that may threaten the privacy of your personal data. If you already have IDShield, take this opportunity to use the Equifax settlement to upgrade to a 3-Bureau Protection plan, or a Family Plan if you are currently covered as an individual.   If you do not already have IDShield, please don’t settle for less than you deserve. Learn more about IDShield and start your identity protection and restoration today.   Disclaimer: This is not intended to be legal advice. Please contact an attorney for legal advice or assistance.  IDShield is a product of Pre-Paid Legal Services, Inc. d/b/a LegalShield (“LegalShield”). LegalShield provides access to identity theft protection and restoration services. For complete terms, coverage and conditions, please see IDShield plans are available at individual or family rates. A family rate covers the named member, named member’s spouse and up to 10 dependent children under the age of 18. It also provides consultation and restoration services for dependent children ages 18 to 26.  All Licensed Private Investigators are licensed in the state of Oklahoma. A protection policy of up to $1 million is issued through a nationally recognized carrier. LegalShield/IDShield is not an insurance carrier. Certain limitations apply. Dependent children of the named member or named member’s spouse under the age of 23 who permanently live in the same residence as the named member at the time of the stolen identity event are eligible for the protection policy coverage. For a summary description of benefits for the personal identity coverage policy see