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Forty Dollars!! WooHoo!!!

Gabriel Perez

Posted on January 11, 2019 15:12

2 users

On October 1, 2015, Experian announced that in September 2015 an unauthorized data breach occurred. Approximately 15 million T-Mobile customers and applicants were affected. Now, a settlement has been reached.

Last year in April I wrote an article called 'Life's a Breach!' and in it I describe how major companies like T-Mobile, Facebook, and Home Depot have all had their data breached, affecting millions of people. Today, I thought I would re-visit this topic because I received a postcard in the mail as part of a court approved legal notice, which I'll tell you all about in a moment.

Before I get into that, however, I thought I'd let you know that today I was actually planning on writing about the wall. You know, THAT wall, but I decided against it. I figured all the talk about it, and all the nonsense behind it, was driving you up the...well, the wall I guess, so I thought better of it.

I'll just say this: if I had to guess I don't think a wall is going up. Of course, I could be wrong, but my gut is telling me it isn't going to happen. I also heard a joke the other day that says that Trump wants the wall to surround New Mexico as well.  He says the last thing he needs is to have 'new' Mexicans entering the country while he's still trying to get rid of the old ones.

Anyway, about that data breach.  So, there I was the other day, innocently collecting my mail from my mailbox, when I saw this postcard addressed to me.  I took a closer look at it and it said, 'You can get a cash payment and FREE credit monitoring and insurance services to help protect you against the possible unlawful use of your personal information that may have been taken in the Experian Data Breach.'

When I read that, I admit, they had me at 'cash payment.'

Of course the big question was 'how much? I went deeper and read the fine print. Turns out the settlement provides a default amount of...forty dollars!  When I read that I imagined the evil villain in Austin Powers by the name of Dr. Evil when he famously says, 'One million dollars!' and then has to be told that one million dollars is not a lot of money.

In all fairness the postcard (and the fine print) does go on to say that if individuals can show proof of any out-of-pocket costs incurred because of the breach, they can get reimbursed for up to $10,000. This sounds good, unless of course you haven't incurred any of those out-of-pocket expenses.

As far as I know, I have not.

Well, that is, not yet anyway.  I mean, my information is still 'out there' somewhere so who knows what could happen in the future right? But at least I can take comfort in the FREE credit monitoring service being provided. FREE plus forty dollars for a major breach...sounds good right?   

Hey, maybe the monitoring service will work like a digital wall of protection?

I'll support that! 

  

 

 

 

 

 

Gabriel Perez

Posted on January 11, 2019 15:12

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Source: Latest news

Neiman Marcus credit cards were accessed fraudulently, exposing customer information.

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