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Tag Archives for " Equifax "

Equifax Agrees to Pay Up to $700 Million to Resolve 2017 Breach

On July 22, 2019, the Federal Trade Commission announced that Equifax Inc. agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement agreement with the FTC, the Consumer Financial Protection Bureau, and 50 U.S. states and territories to resolve investigations into the colossal data breach the company suffered in 2017.

Source: Equifax Agrees to Pay Up to $700 Million to Resolve 2017 Breach, the Largest Data Breach Settlement in U.S. History

Data dealers accused of GDPR failings

Data law regulators in Europe have been called upon to look into a potential data breach case, with brokers, credit ratings agencies and adtech firms falling under suspicion of not playing by new rules. Complaints were filed to regulators last week by a campaign group named Privacy International, regarding possible transgressions committed by the data broker Acxiom, credit rating agencies, Experian and Equifax, and software multinational, Oracle, the Financial Times online reports.

Full article: Data dealers accused of GDPR failings

Equifax breach could be most costly in corporate history

Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history.

The projection, which was disclosed on a Friday morning earnings conference call, is on top of $164 million in pretax costs posted in the second half of 2017. That brings expected breach-related costs through the end of this year to $439 million, some $125 million of which Equifax said will be covered by insurance.

Source: Equifax breach could be most costly in corporate history

Additional 2.4 million Equifax consumers were affected by the cyber attack

Equifax disclosed earlier on Thursday that it had discovered an additional 2.4 million U.S. consumers were affected by the cyber attack, bringing the total number of people whose data was compromised to more than 147 million.

The newly identified victims had their names and partial driver’s license information stolen, though hackers did not obtain their Social Security numbers, Equifax said in a statement.

Source: Equifax profit beats Street view as breach costs climb

Equifax says more private data was stolen in 2017 breach than first revealed

The credit rating agency said it didn’t originally announce “potential” data points, like tax identification numbers, that “may have been accessed” by hackers.

Source: Equifax says more private data was stolen in 2017 breach than first revealed | ZDNet

Months after Equifax data breach, we’re still no closer to privacy protections

After lots of huffing and puffing for the cameras in the wake of the Equifax breach, Republican lawmakers have blocked all legislation aimed at improving privacy protections or holding companies more accountable for the loss of people’s info.

Source: Months after Equifax data breach, we’re still no closer to privacy protections – LA Times

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