Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ
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Equifax (EFX) Confirms Comprehensive Consumer Settlement Arising From 2017 Cybersecurity Incident
July 22, 2019 7:56 AM EDTEquifax Inc. (NYSE: EFX) today announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident.
The $671 million resolution includes settlement agreements that would resolve the multi-district consumer class action litigation, as well as investigations by the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), the Attorneys General of 48 states, Puerto Rico and... More
Equifax (EFX) to Pay at Least $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
July 22, 2019 6:49 AM EDTEquifax Inc. (NYSE: EFX) has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories, which alleged that the credit reporting companys failure to take reasonable steps to secure its network led to a data breach in 2017 that affected approximately 147 million people.
In its complaint, the FTC alleges that Equifax failed to secure the massive amount of personal information stored on its network, leading to a breach... More
