Equifax reportedly close to $700m data breach settlement

Equifax

Equifax reportedly close to $700m data breach settlement

Image by 'SIPA USA/PA Images'

First published by: Richard Lawler, engadget (@Rjcc), 19 July 2019

Remember that time Equifax had a data breach and leaked an incredible amount of information — addresses, social security numbers and even driver’s licenses — on more than 143 million people in the US alone? That was revealed nearly two years ago, and tonight media reports suggest the company is closing in on a settlement with federal and state agencies including the FTC, Consumer Financial Protection Bureau and state attorneys general. The New York Times and Wall Street Journal reported it could pay between $650 and $700 million, near the $690 million figure Equifax told investors it had set aside for a penalty.

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