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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]
The 2017 data breach landed the consumer credit ratings agency with a record fine, and analysts say the company fumbled its response. A hack at Equifax exposed the data of 147 million people.
Several consumers filed lawsuits in small-claims court against Equifax due to the breach, while Equifax later came to a $575 million settlement with the Federal Trade Commission to offer either a cash payment or credit monitoring for those affected by the breach. [52] The data from the breach has yet to be seen on black markets or the dark web ...
2017 Equifax data breach – In 2017, Equifax Inc. announced that a cyber-security breach occurred between May and mid July of that year. Cyber criminals had accessed approximately 145.5 million U.S. Equifax consumers' personal data, including their full names, Social Security numbers , credit card information, birth dates , addresses , and, in ...
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Data privacy and cybersecurity attorneys interviewed Tuesday generally agreed that Equifax could have done more to prevent the 2017 data breach, but at least one prominent data privacy and data ...
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.
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