Equifax settles with Massachusetts, Indiana for nearly $40 million
Nearly three years after one of the largest data breaches in history, state attorneys general still are making Equifax pay. Massachusetts Attorney General Maura Healy announced Friday the credit processing company has agreed to pay $18.2 million and update its cybersecurity protocols. The settlement will end claims filed in connection with the company’s failure to stop a 2017 data breach that affected roughly 145 million Americans, including roughly 3 million Massachusetts residents. The announcement comes one day after Indiana Attorney General Curtis Hill said his office has agreed to resolve a class action suit against Equifax for $19.5 million. Both settlements come after Equifax agreed in January to pay $380.5 million as part of yet another settlement with U.S. regulators. Equifax also will be required to spend at least $1 billion on improving its data protection capabilities, and may be required to cover an additional $125 million to cover out-of-pocket […]
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