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Join the Cybersecurity and Incident Response Group on LinkedInJudge Signs Off on $7.75m Equifax Settlement – Infosecurity Magazine
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 […]
Equifax Offers to Pay Banks $30.5 Million for Data Breach Claims
Equifax, Inc. has agreed to a proposed settlement with a subclass of financial institutions to resolve allegations that it failed to protect the personal data of over 140 million Americans from cyberattack, according to an unopposed motion for preliminary approval filed in the Northern District of Georgia. The proposed settlement provides for a $5.5 million […]
Class Counsel Slam ‘Professional Objectors’ for Delaying Equifax Data Breach Payout | Daily Report
Lawyers who hammered out a $1.4 billion class settlement with Equifax over a 2017 data breach are slamming objectors who they contend will postpone compensation to 147 million people whose financial data was stolen. In two pleadings filed this week, the consumers’ lead counsel and liaison counsel excoriated two pro se “serial objectors” and urged U.S. […]
Equifax Data Breach-Related Securities Suit Settled for $149 Million | The D&O Diary
Over the last several years, plaintiffs’ lawyers have filed a number of D&O lawsuits against companies that had been hit with a cybersecurity incident. These suits have largely been unsuccessful, with the exception of the lawsuits filed against Yahoo in the wake of that company’s data breach. While the plaintiffs’ track record in data breach-related […]
Attorney General William P. Barr Announces Indictment of Four Members of China’s Military for Hacking into Equifax | OPA | Department of Justice
As described in the indictment, the hackers broke into Equifax’s network through a vulnerability in the company’s dispute resolution website. Once in the network, the hackers spent weeks conducting reconnaissance, uploading malicious software, and stealing login credentials, all to set the stage to steal vast amounts of data from Equifax’s systems. While doing this, the […]
Colorado got $3.6 million from the Equifax breach. It’ll help start a rural college program to prevent this from happening again. – The Colorado Sun
Colorado Northwestern Community College President Ron Granger blurted out the first thing that came to mind when he was asked in August what he would do for the school if he had the money: build a cybersecurity program. That was a pretty bold idea for a school serving a region best known for outdoor recreation […]
What You Should Know About the Equifax Data Breach Settlement — Krebs on Security
Big-three credit bureau Equifax has reportedly agreed to pay at least $650 million to settle lawsuits stemming from a 2017 breach that let intruders steal personal and financial data on roughly 148 million Americans. Here’s a brief primer that attempts to break down what this settlement means for you, and what it says about the […]
Equifax to pay up to $700 million to settle state and federal investigations into 2017 security breach – The Washington Post
Equifax has agreed to pay as much as $700 million to settle a series of state and federal investigations into a massive 2017 data breach that left more than 147 million Americans’ Social Security numbers, credit-card details and other sensitive information exposed. The punishment includes payments to affected consumers, fines to peeved regulators and a […]
Equifax Says Cybersecurity Breach Has Cost $1.4 Billion | 90.1 FM WABE
Equifax, the Atlanta credit bureau, revealed in its earnings release Friday that dealing with its 2017 cybersecurity incident has cost about $1.4 billion plus legal fees. A year and a half ago, the company, which gathers consumers’ credit histories, revealed a massive security breach compromised the personal information of about 150 million people. via Equifax […]
Equifax expecting punishment from CFPB and FTC over massive data breach | HousingWire
Equifax is expecting various forms of punishment from the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers. The company revealed the expected sanctions in a recent filing with the Securities and Exchange Commission. via […]
Equifax Data Breach Crisis Vet Joins FTI – Mon., Feb. 25, 2019
Meredith Griffanti, who was strategy & communications leader for the office of transformation at Equifax, has joined FTI Consulting in Washington as managing director in its crisis & issues management practice. via Equifax Data Breach Crisis Vet Joins FTI – Mon., Feb. 25, 2019.
Equifax mystery: Where is the data?
But as the investigations continue, a consensus is starting to emerge to explain why the data has disappeared from sight. Most experts familiar with the case now believe that the thieves were working for a foreign government and are using the information not for financial gain, but to try to identify and recruit spies. via […]
Equifax’s massive 2017 data breach keeps getting worse – The Washington Post
Equifax said Thursday that 2.4 million more consumers than previously reported were affected by the massive data breach the company suffered last year, adding to an already stunning toll. This means that as many as 147.9 million consumers have been affected in some way by the breach, which amounts to about half the country. via Equifax’s massive 2017 […]
6 Lawyer Teams Vie for Leadership Posts in Equifax Data Breach | Daily Report
At least six teams of lawyers are competing for the top leadership posts in the lawsuits brought over Equifax Inc.’s massive data breach. Four proposed slates, ranging from seven to 12 lawyers, have filed motions to lead the class actions filed by consumers. Equifax revealed last year that more than 145 million of its customers […]