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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 ...
Equifax will pay up to $700M to settle with the U.S. and states over a 2017 data breach that exposed Social Security numbers and other private information. Equifax to pay up to $700M in data ...
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]
Morgan & Morgan filed a class action lawsuit regarding the Equifax data breach that occurred in 2017. [13] [14]In 2018, a class-action lawsuit was initiated against Exactis by law firms Morgan & Morgan, DiCello Levitt & Casey, and Robbins Geller Rudman & Dowd, following a data breach that allegedly impacted approximately 230 million Americans and 110 million businesses.
The credit reporting agency reached a $700 million settlement with government officials last week, agreeing to pay as much as $425 million of that money to consumers affected by the data breach.