Settlement Claims Administrator Sending Final Payments

Highlights:

• Final payments are being made to U.S. consumers who filed claims in the Equifax Data Breach Settlement.
• The settlement administrator, not Equifax^®, set the payment amounts pursuant to the terms of the settlement agreement.
• Since the 2017 cyberattack by members of the Chinese military, Equifax completely overhauled its security program to enhance protection of consumer data.

A court-appointed third-party settlement administrator has begun distributing final payments to U.S. consumers who filed claims in the Equifax Data Breach Settlement.

Payments will include an additional payment to U.S. claimants who initially selected alternate compensation as well as to U.S. claimants who filed during the Extended Claims Period, the period between January 23, 2020 and January 22, 2024 where claimants could file for reimbursement of out-of-pocket losses or time spent.

These additional consumer payments are being made in accordance with settlement agreement terms, ensuring that the total amount from the restitution fund that was allocated to alternative compensation cash benefit payments as well as for out-of-pocket losses and/or time spent, approximately $70 million, is distributed completely to eligible claimants.

These final payments are being drawn from the $425 million restitution fund that was agreed to by the Federal Trade Commission, the Consumer Financial Protection Bureau^®, 50 U.S. states and territories, the attorneys representing the consumer class action plaintiffs, and Equifax. The restitution fund was created to pay for: three-bureau credit monitoring for U.S. consumers whose information was impacted in the 2017 breach; actual out-of-pocket losses related to the breach; and other consumer benefits such as identity restoration services.

The settlement was reached after a lengthy process, with the interest of consumers independently represented by both the government agencies and attorneys listed above. The parties to the settlement agreed to appoint a third party settlement administrator, which was approved by the federal judge overseeing the settlement, and the actual amounts being received by consumers were determined by the settlement administrator in accordance with the terms of the settlement.

More Information Available Online, via Email and a Toll-Free Phone Number

For more information, you can:

• Visit the administrator's website, www.equifaxbreachsettlement.com, which includes a Frequently Asked Questions page.
• Email: info@EquifaxBreachSettlement.com
• Call the settlement administrator at this toll-free number — 1-833-759-2982.

Strengthening Protections of Your Data

Over the last seven years, few companies have invested more time and resources than Equifax to ensure that consumers' information is protected, as evidenced by the company's more than $1.5+ billion security and technology transformation. Additionally, the Equifax Chief Information Security Officer serves as an advisor on cybersecurity to the Federal Bureau of Investigation at the Bureau's request.

Equifax also introduced next generation cybersecurity detection and response technology across our operations. Because of these efforts — and many others listed in our Security Annual Report — we've built one of the most advanced, effective, and transparent cybersecurity programs in business today, embedding security into everything we do.