If your information was compromised during the massive 2017 Equifax data breach, you could be entitled to up to $20,000. - CNBC
. "Part of this claims process really puts the onus on the consumer to justify that they deserve that."The Equifax data breach was one of the largest in history, with about 56% of Americans affected. Hackers were able to get access to a multitude of consumers' private information, including names, Social Security numbers, dates of birth, credit card numbers and driver's license numbers.
When thinking through your potential compensation, cast a wide net, says Allen St. John, a technology and privacy expert with. "They're never going to give you more than you ask for," he tells CNBC Make It. Make sure you include not only the time you spent at the bank, but also your travel time getting to your local branch. "Your time and your money are valuable," St. John says, so make sure you are properly reimbursed.
Keep in mind that you can only really claim reimbursement for the time and money you lost — not any future harm or emotional turmoil you may have suffered. "It's unlikely that many consumers will get the full $20,000 — not only because they won't be able to find the documentation, but because it didn't actually cost them $20,000." Now it may have cost them $100,000 in angst, anxiety, pain and mental stress, but that's not at issue, Gillis says.
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