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2017 Data Breach Will Cost Equifax at Least $1.38 Billion

The final minimum tab for Equifax’s failure to patch a known web application security flaw is over $1.38 billion. The company has also agreed to spend at least $1 billion on information security and related technologies over a period of five years. The court-approved settlement allows individuals to claim up to 20 hoursat $25 per hourfor any time they might have had to spend taking preventative measures to protect their data against fraud and misuse following the breach. Victims who were legal minors at the time of the breach are eligible for a total of 18 years of free credit monitoring.”]

Source: https://www.darkreading.com/attacks-breaches/2017-data-breach-will-cost-equifax-at-least-1-38-billion

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