Equifax To Pay Up To $650 Million In Data Breach Settlement




By Pete Schroeder
WASHINGTON (Reuters) – Credit-reporting company Equifax Inc will pay up to a record $650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.
The largest-ever settlement for a data breach draws to a close multiple probes into Equifax by the Federal Trade Commission, the Consumer Financial Protection Board and nearly all state attorneys general. It also resolves pending class-action lawsuits against the company.

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