Chief Judge Thomas Thrash of the Northern District of Georgia gave final approval to the $7.75m settlement yesterday during a hearing held via Zoom. Legal fees of $2m were included in the resolution.
As part of the agreement, Equifax has committed to investing an additional $25m to enhance data security measures tailored to financial institutions. The investment is scheduled to occur over the next two years.
Join Us On LinkedIn
Join the Cybersecurity and Incident Response Group on LinkedIn