0 Grace A Posted July 22, 2019 Author Share Posted July 22, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ignatius Bose Posted July 22, 2019 Share Posted July 22, 2019 Equifax (NYSE:EFX) is close to settling a nationwide consumer class-action lawsuit with the Federal Trade Commission (FTC) over a 2017 data breach. According to The Wall Street Journal citing sources, Equifax is expected to pay around $700m in a deal to resolve a lawsuit involving one of the largest data breaches involving private data of American citizens. While the company failed to notice the attack for almost six weeks, social security numbers and other private information such as birth dates, addresses, credit card and driver licence numbers of almost 150 million people were compromised during that time. With the settlement expected to be announced as early as Monday, the deal would absolve the firm from investigations by the FTC, most state attorneys general and the Consumer Financial Protection Bureau. Shares of Equifax are trading with gains of 0.13%, at $121.28 on the NYSE on Monday. In the year to date, the consumer credit reporting agency has returned more than 47%. Quote Link to comment Share on other sites More sharing options...
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