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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 ...
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.
An Equifax internal audit in 2015 showed that there was a large backlog of vulnerabilities to patch, that Equifax was not following its own timescales on patching them, that IT staff did not have a comprehensive asset inventory, that Equifax did not consider how critical an IT asset was when prioritising patches, and that the patching process worked on an 'Honour system'.
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
However, the leak is notable due to the scale of data that was exposed, surpassing the Equifax breach which had exposed 145 million customers' personal data the year prior. [ 6 ] Exactis had reportedly accumulated some or all of its information without the knowledge or explicit consent of the data subjects.
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Data breaches occur so often that you might catch a news story about one -- such as the Capital One breach that affected 106 million customers or the recent Equifax data breach settlement -- and ...
If any financial information, such as credit card numbers, was leaked in a data breach, request a freeze on your credit by the top three credit vendors (TransUnion, Equifax and Experian).