well.. when individuals lose a court battle, they owe the winning party money from their future earnings, in case their current balance does not cover the sum owed. Why don't they make companies do that. It would only seem fair for the amount of damage they did :|
Equifax removed the $125 claim payout option after millions submitted claims
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Re: Equifax removed the $125 claim payout option after millions submitted claims
#12This makes me so angry that I don't even want to start pouring my anger in words here. :(
Re: Equifax removed the $125 claim payout option after millions submitted claims
#13Surely the FTC and Equifax saw this coming? 150m people were included in the breach. Only 31m USD was allocated to give anyone who claimed 125 USD? How on earth did they do this math?
Maybe they didn't expect most people to follow up on this?
Re: Equifax removed the $125 claim payout option after millions submitted claims
#14Well to be fair there is a fixed allocation of money, so if anybody that filled it out earlier wants to actually get a check they have to limit it. Either that, or everybody gets a check for a few cents. Which is worse really? It’s the same as when you go to a baseball game and they have a giveaway for the first 10,000 fans. There is a limit to the offer and being early matters.
Or you know, if there were 150m potential claimants and $125 for each, the math required to work out the total that needs to be set aside is simple enough that they don't need to rent time on a Cray to calculate it.
Re: Equifax removed the $125 claim payout option after millions submitted claims
#15Well to be fair there is a fixed allocation of money, so if anybody that filled it out earlier wants to actually get a check they have to limit it. Either that, or everybody gets a check for a few cents. Which is worse really? It’s the same as when you go to a baseball game and they have a giveaway for the first 10,000 fans. There is a limit to the offer and being early matters.
That just means the $31 million cap was ridiculously low.
And it was. Does anybody really believe that the damages caused by the hack was only in the tens of millions? That information is precious and the moment that it's stolen, it's stolen for good.
Re: Equifax removed the $125 claim payout option after millions submitted claims
#16Isn't the obvious answer here to just make Equifax pay more money?
Re: Equifax removed the $125 claim payout option after millions submitted claims
#17The FAQ is really condescending and almost sounds deliberately written to make people angry.
The FAQ is written by the FTC, not by Equifax. They have no need to sugarcoat the situation. :)
Re: Equifax removed the $125 claim payout option after millions submitted claims
#18Surely the FTC and Equifax saw this coming? 150m people were included in the breach. Only 31m USD was allocated to give anyone who claimed 125 USD? How on earth did they do this math?
Maybe they didn't expect most people to follow up on this?
That's obviously the case, which just proves that neither party intended to actually reimburse consumers for our breached data, and the effort to mitigate identity theft.
Re: Equifax removed the $125 claim payout option after millions submitted claims
#19I'll accept my payment in stock.
Re: Equifax removed the $125 claim payout option after millions submitted claims
#20Surely the FTC and Equifax saw this coming? 150m people were included in the breach. Only 31m USD was allocated to give anyone who claimed 125 USD? How on earth did they do this math?
Probably the same math they use to calculate our credit scores and everything else they screw up.