Blog | G5 Cyber Security

Equifax now hit with a rare 50-state class-action lawsuit

A rare 50-state class-action suit has been served on the company. The suit names plaintiffs from every state and the District of Columbia who claim to have been injured to varying degrees by the Equifax security breach. The case highlights the massive costs and critical damage involved in data breaches and is a particular warning to companies that hold large quantities of highly sensitive personal information to ensure they have the most effective cybersecurity protocols in place well before an incident occurs. A national standard for breach notification is also being considered by Congress. In the wake of the breach, all three credit regulation agencies are going to have to get used to a new regime of regulation.”]

Source: https://www.csoonline.com/article/3238076/equifax-now-hit-with-a-rare-50-state-class-action-lawsuit.html

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