Credit bureau Equifax is expected to pay about $650m settling claims linked to a several months breach that exposed the data of more than 145 million people. The company said it has upgraded its technology and launched credit monitoring services for those affected in what has been described as one of the worst data leaks in the US. Data had been taken from Equifax over 2017 through an unpatched vulnerability. Equifax has since complied with new data security rules and said it had set $690m aside to cover legal costs. Critics have called the settlement inadequate.
Credit bureau Equifax is expected to pay about $650m settling claims linked to a 2017 breach that exposed the data of more than 145 million people. The company said it has upgraded its technology and launched credit monitoring services for those affected in what has been described as one of the worst data leaks in the US. Data had been taken from Equifax over several months through an unpatched vulnerability. Equifax has since complied with new data security rules and said it had set $690m aside to cover legal costs. Critics have called the settlement inadequate.