The FTC announced that Equifax has agreed to pay a minimum of $575 million as part of a global settlement of claims against it arising from a 2017 data breach that affected 147 million Americans. The settlement with the FTC, the Consumer Financial Protection Bureau, and 50 states and territories potentially could reach $700 million. In its complaint against Equifax the FTC alleged that the credit reporting agency failed to secure a massive amount of personal information stored on its network.
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Equifax Data Breach Settlement No Wrist Slap
Posted by: John P. Mello Jr. July 23, 2019 03:28 AMThe FTC announced that Equifax has agreed to pay a minimum of $575 million as part of a global settlement of claims against it arising from a 2017 data breach that affected 147 million Americans. The settlement with the FTC, the Consumer Financial Protection Bureau, and 50 states and territories potentially could reach $700 million. In its complaint against Equifax the FTC alleged that the credit reporting agency failed to secure a massive amount of personal information stored on its network.