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The U.S. Department of Justice said that four members of the People's Liberation Army, an arm of the Chinese military, have been charged with breaking into the networks of the Equifax credit reporting agency, and stealing personal information of tens of millions of Americans, according to the Associated Press. This is specifically regarding the data breach that Equifax experienced on
The Federal Trade Commission announced that Equifax Inc. has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the FTC, the Consumer Financial Protection Bureau (CFPB) and 50 states and territories, which alleged that the credit reporting company's failure to take reasonable steps to secure its network led to
The UK's Information Commissioner's Office (ICO) has hit credit reference agency Equifax with a GB£500,000 fine for the 2017 data breach. Equivalent to US$660,000, the fine is the largest ever imposed by the ICO and is the maximum permitted under the legislation in force at the time. Under the newer GDPR laws, the fine could've been as high as $20