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Arkansas Government on 2017 Equifax Breach

January 2, 2025

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Arkansas Government on 2017 Equifax Breach

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In 2017, Equifax experienced a massive data breach that exposed the personal information of nearly 150 million people. Arkansas Attorney General Leslie Rutledge announced that Arkansas would receive $2.5 million as part of the settlement with Equifax over the breach. This settlement is part of a larger $700 million agreement between Equifax and the Consumer Financial Protection Bureau, the Federal Trade Commission, and 48 states, including Arkansas. The settlement includes a consumer restitution fund of up to $425 million, a $175 million payment to the states, and other measures to address the breach. 

Details

  • The Breach: The 2017 Equifax data breach exposed sensitive information like Social Security numbers, dates of birth, addresses, and credit card numbers.

    • Arkansas’s Share: Arkansas received over $2.5 million from the settlement, which was distributed to the state to address the breach’s impact and provide assistance to affected residents.

    • Consumer Protections: Affected individuals in Arkansas were also eligible for free credit monitoring, identity restoration services, and other benefits as part of the settlement.

    • Ongoing Impact: The Equifax breach highlighted the importance of data security and the need for companies to protect sensitive information. It also underscored the ongoing need for vigilance against identity theft and fraud. 

    November 2024 Important Settlement Update

     

    The settlement administrator has been sending out payments for out-of-pocket losses, time spent claims, and other cash benefits. In November 2024, the settlement administrator will be sending prepaid cards with additional payments to those who previously received a payment.

    Legitimate emails about the settlement will come from distribution@equifaxbreachsettlement.com or info@equifaxbreachsettlement.com.

    You can use this look-up tool to see if you were affected by the breach.

    For more information, visit www.EquifaxBreachSettlement.com or call 1-833-759-2982.

    Arkansas’s Role: Arkansas Attorney General Leslie Rutledge played a key role in negotiating the settlement with Equifax.Settlement Details: The $700 million settlement included a consumer restitution fund, allowing individuals to claim compensation for losses incurred due to the breach. Equifax also paid $175 million to the states involved.

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