Equifax fined for Data Breach

Fines continue to be levied for data breaches across the planet, and a $700 million settlement from credit-reporting company Equifax has been trending on Google News. It is the largest settlement related to a data breach that we have ever seen. Equifax experienced a major data breach in 2017, which exposed the private information of around 147 million customers. As part of the settlement, Equifax has also created a $300 million restitution fund for the customers affected. This applies to US clients only. Compensation for the approximate 19,000 Canadian affected vy the data breach has not been released.

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