Equifax has agreed to pay $380.5 million to resolve allegations related to the 2017 data breach in which hackers stole information belonging to some 147 million Americans, under the terms of a settlement approved by a federal judge.
The settlement fund for the breach that saw the exposure of 147 million Equifax customers' data was $31 million. Customers applying for a payout were initially offered $125 or free Equifax credit monitoring. Unsurprisingly, many people already had credit monitoring, or didn't want to take it from the firm that failed to safeguard their data. The result?
Equifax has agreed to a settlement over its 2017 data breach that saw as many as 147 million people's personal information, including names, birth dates, addresses, and social security numbers, exposed by the company.