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Equifax to pay $700m for breach that exposed 147 million Americans’ data

Jul23
by on July 23, 2019 at 6:37 am
Posted In: Around the Web


Almost two years after a major data breach hit Equifax, the company has finally agreed to a global settlement with the US Federal Trade Commission (FTC). As per the proposed terms of the deal, the consumer credit reporting agency will shell out as much as $700 million to settle with federal agencies and 50 US states and territories. Here are the details: $300 million to cover free credit monitoring services for impacted consumers. The company may need to cough up an additional $125 million if the original fine amount isn’t enough to compensate all consumers who make claims. $175 million,…

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