'Businessman displaying a spread of cash' [Shutterstock]
As part of the credit bureau Equifax's settlement with the government over their catastrophic data breach that exposed 145 million people's Social Security numbers, those affected can file a claim to get either $125 or free credit monitoring.
But after people signed up for the $125 option in droves, Equifax, along with the Federal Trade Commission, are now begging consumers not to choose that option — because they did not set aside enough funds as part of the settlement to pay that amount to everyone:
The total size of the Equifax settlement is $650 million. This means that even if the entire amount of that went to restitution — and only a fraction of it is set aside for that purpose — no one would get more than a few dollars apiece.
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