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The breach led to a record settlement with the FTC, a dramatic downgrade in Equifax’s own credit rating, and close to $3 billion in expenses for the company as it restructured both its C-suite ...
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In a statement, a spokesperson for Equifax said the settlement "turns the page" on the matter, which it first disclosed in 2022, and that it will continue to invest in its data-quality capabilities.
On September 7, 2017, Equifax disclosed the breach and its scope: affecting over 140 million Americans. [24] VentureBeat called the exposure of data on 140+ million customers "one of the biggest data breaches in history." [25] Equifax shares dropped 13% in early trading the day after the breach was made public. [26]
The data was sent over fourteen emails and it contained personally identifiable information (PII) of consumers. [5] The employee also sent two spreadsheets with names and transaction-specific account numbers for about 256,000 consumer accounts at a single institution. [ 5 ]
The Wall Street Journal says Equifax will pay around $700 million to settle with the FTC over a 2017 data breach that exposed some 150 million people's social security numbers and other private ...