Brian Frosh
Maryland will receive $5.7 million through a settlement with Equifax over the massive 2017 data breach that exposed the information of more than half of American adults.
The payment to Maryland is part of a wider agreement announced Monday, which includes consumer restitution fund of up to $425 million and civil penalties to the federal government, 48 states, D.C. and Puerto Rico totaling $275 million, according to the office of Maryland Attorney General Brian Frosh. The company will pay up to 700 million, according to the Federal Trade Commission.
Discovered on Sept. 7, 2017, the credit reporting agency affected more than 147 million consumers, becoming the largest breach of consumer data ever. The information breached included social security numbers, names, dates of birth, addresses, credit card numbers and driver’s license numbers. In turn, the company is now paying the largest ever consumer data breach settlement in history.
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