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The breach led to a record settlement with the FTC, a dramatic downgrade in Equifax’s own credit rating, and close to $3 billion in expenses for the company as it restructured both its C-suite ...
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 credit reporting agency reached a $700 million settlement with government officials last week, agreeing to pay as much as $425 million of that money to consumers affected by the data breach.
For example, if your Social Security number is exposed in a data breach, you may be at a heightened risk for identity theft or fraudulent credit applications in your name. 2. Secure Your Accounts
The threat of data breach or revealing information obtained in a data breach can be used for extortion. [16] Consumers may suffer various forms of tangible or intangible harm from the theft of their personal data, or not notice any harm. [91] A significant portion of those affected by a data breach become victims of identity theft. [82]
Download QR code; Print/export ... 2023 Consumer Financial Protection Bureau data breach; A. ... 2017 Equifax data breach; H.
The Cost Of A Data Breach To SaaS Companies. Data breaches go beyond pilfering a few transaction records or trade secrets. The potential for harm is colossal. Here is a quick rundown on what a ...
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