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American credit bureau Equifax pays $ 380 million after data breach

2020-01-15T06:37:49.016Z

The American credit bureau Equifax is going to pay $ 380.5 million (nearly 342 million euros) to customers who have fallen victim to a large data breach. People can claim up to $ 20,000 from a fund set up by the company, Bloomberg reports.



The American credit bureau Equifax is going to pay $ 380.5 million (nearly 342 million euros) to customers who have fallen victim to a large data breach. People can claim up to $ 20,000 from a fund set up by the company, Bloomberg reports.

In 2017, hackers were given access to the names and birth dates of around 147 million people. They also managed to get hold of the personal numbers of 145.5 million Americans. This is one of the largest data breaches that has come to light in recent years.

Victims who have joined the lawsuit surrounding the settlement can also claim credit monitoring for ten years. In addition, Equifax must supplement the compensation pot with $ 125 million if the amount of 380.5 million is not enough.

In July, it was announced that the credit bureau would also have to pay a fine of $ 100 million to the US financial protection regulator and a $ 148 million fee to several US states.

Source: nunl

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