Data breaches are rampant. We hear about them all the time on the news and on the internet. But, despite how popular they are, many companies still don’t have proper safeguards to protect your information from hackers who love to sell it on the dark web. According to consumer credit reporting agency Experian, they can make a ton of money doing this. Credit cards for instance can sell on the web for anywhere from $5-$110. Your driver’s license number can sell for $20. The big one, though, is your passport number which can sell for $1,000-$2,000.
When you learn that a company that you deal with like an Equifax, Target, or Marriot has compromised your personal data, what do you do? Most people run out and buy credit monitoring and that can cost as much as $30 a month. But these data breaches often lead to class action lawsuits that can cover the expense or get you credit monitoring.
When these cases settle, you get a notice in the mail or online via email. You have to read it. These can be a little tough to read but they’re worth the read. They describe what the settlement gets you, whether it’s your money back or credit monitoring or maybe even something different.
That’s your shot of legal wellness for today. If you’d like to learn more, please subscribe. Until next time, I’m Danny Karon, your Lovable Lawyer.
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