By signing up for Equifax's TrustedID identity theft protection, offered free after the 143 million account breach-- am I waiving my right to sue?
Consumer Financial Protection Bureau
One of the largest credit bureaus in the U.S. was breached by hackers compromising social security numbers, credit card numbers, driver's license numbers, dates of birth and home addresses of 143 million Americans.
CEO Richard Smith announced the breach September 7, more than a month after the breach was detected.
Clients lambasted the Equifax for not contacting them sooner and individually, instead learning of the breach through media coverage from a national press release.
Following the breach many warned online not to accept the company's free identity theft protection offered as a olive branch to customers in gratis. They claimed that by accepting the free TrustedID product, customers waived their rights to sue in a class-action.
That was true for a bit, but not anymore.
We double checked with the Consumer Financial Protection Bureau and they confirmed that those affected by the breach will not waive their right to sue by signing up.
The Federal Trace Commission has been tracking credit scams, hacks and breaches since 1914 and created a video on exactly what victims of identity theft should do.
Verify also has some fast facts about putting a temporary freeze on credit, a protection Equifax and the FTC say you should consider.
If you freeze your credit, you are still able to open new accounts, lease a car, rent an apartment or take out a loan, it just means you will have to lift the freeze. The process takes up to three business days, according to the FTC.
Freezes won't keep thieves from dipping into your accounts, like credit and debit cards, it just makes it more difficult to open new accounts.
It costs $5 in Maryland to freeze an account and $10 in Virginia and the District, but the fee is always waived for victims of identity theft.
Help our journalists VERIFY the news. Do you know someone else we should interview for this story? Did we miss anything in our reporting? Is there another story you'd like us to VERIFY? Click here.
© 2018 WUSA-TV