Equifax is going to pay $700 million for a 2017 breach.
The company has signed a settlement to manage all the lawsuits brought due to the data breach which occurred in 2017.
The personal data of more than 146 million people was stolen – names, phones, emails, dates of birth, Social Security numbers, and driver’s license details.
A security flaw became the source of the leakage. Equifax was blamed for not providing a prompt solution regarding the flaw in Apache Struts. The patch had been created two months before the incident affected the users, and the specialists didn’t fix the issue.
The breach which could have been prevented took the regulators’ focus on the company which was made to settle all the data leak charges brought against it.
At least $575 million are to be paid and might turn into $700 million in accordance with the Consumer Financial Protection Bureau claims – the amount will depend on the decision whether the reimbursed sum is enough to compensate the clients who were impacted.
Software and hardware audit is as crucial for maintaining a safe business workflow as configuring and conforming to security policies and regulators. A monitoring system assists specialists with tracking flaws within a corporate perimeter.
SearchInform uses four types of cookies as described below. You can decide which categories of cookies you wish to accept to improve your experience on our website. To learn more about the cookies we use on our site, please read our Cookie Policy.
Always active. These cookies are essential to our website working effectively.
Cookies does not collect personal information. You can disable the cookie files
record
on the Internet Settings tab in your browser.
These cookies allow SearchInform to provide enhanced functionality and personalization, such as remembering the language you choose to interact with the website.
These cookies enable SearchInform to understand what information is the most valuable to you, so we can improve our services and website.
These cookies are created by other resources to allow our website to embed content from other websites, for example, images, ads, and text.
Please enable Functional Cookies
You have disabled the Functional Cookies.
To complete the form and get in touch with us, you need to enable Functional Cookies.
Otherwise the form cannot be sent to us.
Subscribe to our newsletter and receive a bright and useful tutorial Explaining Information Security in 4 steps!
Subscribe to our newsletter and receive case studies in comics!