A Georgia court granted final approval for an Equifax settlement in a class-action lawsuit, after the credit-reporting agency was hit by its massive 2017 data breach. The $380.5 million will be placed into a fund for consumers affected who are part of the class outlined in the lawsuit. The settlement cost will also cover attorneys fees, expenses and administration costs. If all 147 million class members end up signing up for credit monitoring, Equifax may need to pay out $2 billion more.
Source: https://threatpost.com/equifax-settles-class-action-lawsuit/151873/