Equifax To Pay Up To $700 Million In Data Breach Settlement

Equifax will pay up to $700 million in fines and monetary relief to consumers over a 2017 data breach at the credit reporting bureau that affected nearly 150 million people.

The proposed settlement, which is subject to approval by a federal court, was announced Monday by the company, the Federal Trade Commission, the Consumer Financial Protection Bureau, 48 states, the District of Columbia and Puerto Rico.

The consumer data exposed in the breach included Social Security numbers, birthdates and addresses and, in some cases, driver’s license numbers. (READ MORE)