Equifax to pay up to $700m to settle data breach

By 2019-07-22Science & Tech
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Credit score agency Equifax has agreed to pay up to $700m (£561m) as part of a settlement with a US regulator following a data breach in 2017.

The Federal Trade Commission had alleged the Atlanta-based firm failed to take reasonable steps to secure its network.

The records of at least 147 million people were exposed in the incident.

At least $300m will go towards paying for identity theft services and other related expenses run up by the victims.

This sum will expand to a maximum of $425m ... Read even more

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