Axis Insurance Services Blog

Equifax to Pay Millions As Part of Settlement

Written by Drew Smith | Jul 22, 2019 2:14:52 PM

Equifax, one of the three largest credit monitoring sites reported that their database was hacked in May of 2017. Compared to various other hacks that may have affected a select group, this hack was unprecedented. The numbers following numbers are estimates but they were truly staggering; 143 Million files were reportedly breached back in 2017. 

In a recent updated article, Equifax has agreed to pay at least $575 million to the US Federal Trade Commission.

Read the full article here: https://www.cnet.com/news/equifax-to-pay-at-least-575m-as-part-of-ftc-settlement/