FTC hits Equifax with fine of up to $700M for 2017 data breach
https://techcrunch.com/2019/07/22/equifax-fine-ftc/
Credit agency Equifax will pay up to $700 million in fines as part of a settlement with federal authorities over a data breach in 2017.
The Federal Trade Commission said in a statement Monday that Equifax has agreed to initially pay at least $575 million in fines as part of the settlement with the federal government and states over its “failure to take reasonable steps to secure its network” that led to the breach.
