Equifax Settles Class-Action Breach Lawsuit for $380.5M
Class members have until Jan. 22, next week, to claim benefits. Continue reading Equifax Settles Class-Action Breach Lawsuit for $380.5M
Category Archives: Equifax
Equifax to pay customers $380.5 million as part of final breach settlement
Equifax has agreed to pay $380.5 million to resolve allegations related to the 2017 data breach in which hackers stole information belonging to some 147 million Americans, under the terms of a settlement approved by a federal judge. A court in the Northern District of Georgia on Monday approved an agreement covering the roughly 147 million people whose information was compromised when hackers spent May 2017 through July 2017 lurking in Equifax’s system. Equifax had failed to fix a known vulnerability, resulting in the theft of information about many Americans who never signed up with the credit monitoring service. A House Oversight committee in October 2018 said the incident was “entirely preventable.” Under the terms of the settlement, Equifax will deposit the $380.5 million into a fund where members of the class action suit can withdraw up to $20,000, if they can prove out-of-pocket losses. Equifax may also be required to […]
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Top 10 Breaches and Leaky Server Screw Ups of 2019
2019 was a banner year for data exposures, with billions of people affected by cloud misconfigurations, hacks and poor security practices in general. Here’s the Threatpost Top 10 for data-breach news of the year, featuring all the low-lights. Continue reading Top 10 Breaches and Leaky Server Screw Ups of 2019
As malware and network attacks increase in 2019, zero day malware accounts for 50% of detections
Amid significant increases in both malware and network attacks, multiple Apache Struts vulnerabilities – including one used in the devastating Equifax data breach – appeared for the first time on WatchGuard’s list of most popular network attacks in Q3 … Continue reading As malware and network attacks increase in 2019, zero day malware accounts for 50% of detections
Consumer watchdog says Equifax settlement ‘flunks’ fairness test
As a court weighs the proposed class action settlement stemming from Equifax’s 2017 data breach, an independent legal watchdog is saying the agreement fails to treat victims equally. The nonprofit Center for Class Action Fairness, which advocates on behalf of consumers involved in class action suits, said in a court filing Tuesday the Equifax settlement — which proponents value at $700 million — “flunks” federal requirements for fairness and adequacy. This is the same agreement that Equifax said would include up to $425 million for customers who were affected by the data breach, which compromised information about 147 million Americans. After suggesting individual customers could be paid up t o $125 under certain conditions or accept free credit monitoring, Equifax introduced new requirements forcing Americans to prove they had credit monitoring in place at the time of the breach, otherwise they would be paid nothing. The terms of the deal could result in […]
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Americans Concerned, Confused Over Privacy, Survey Reveals
Survey reveals that skepticism towards privacy issues remain at an all-time high. Continue reading Americans Concerned, Confused Over Privacy, Survey Reveals
Cyber Hygiene: Boosting Your Security Posture
It has been two years since Equifax announced a data breach that exposed the financial records of more than 147 million people, and the news continues to dominate the headlines. After two years of investigation and negotiations, the company finally ag… Continue reading Cyber Hygiene: Boosting Your Security Posture
200K Sign Petition Against Equifax Data Breach Settlement
A Change.org petition is demanding stronger accountability for Equifax in the 2017 leak that affected 150 million customers. Continue reading 200K Sign Petition Against Equifax Data Breach Settlement
Cardholders still dropping the ball when it comes to basic ID theft prevention
Four in 10 people with a credit or debit card have provided their full Social Security number in an online form in the past month, according to a new report from CompareCards, as Americans continue to wrestle with how best to combat identity theft two … Continue reading Cardholders still dropping the ball when it comes to basic ID theft prevention
Rating: How Current Cybersecurity Issues Can Affect Future Profitability
Fallout from Equifax’s 2017 data breach continues to impact the company even years later. Moody’s Investor Service, a bond credit rating business, lowered Equifax’s rating outlook from stable to negative, which indicates a higher likelihood of a ratin… Continue reading Rating: How Current Cybersecurity Issues Can Affect Future Profitability