Equifax to pay $700m over breach that exposed data of 150m people

Equifax will pay up to $700m to settle with the US and states over a 2017 data breach that exposed social security numbers and other private information of nearly 150m people. The settlement with the US Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), as well as 48 states and the District of Columbia and Puerto Rico, would provide up to $425m in monetary relief to consumers, a $100m civil money penalty and other relief. The breach was one of the largest ever to threaten the private information. The consumer reporting agency, based in Atlanta, did not detect the attack for more than six weeks. Compromised data included social security numbers, birth dates, addresses, driver license numbers, credit card numbers and in some cases data from passports.

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