Equifax to pay Alaska $1M in data breach settlement
Equifax has reached a settlement with federal authorities and states over a 2017 data breach that exposed the sensitive information of more than half of the U.S. population.
The settlement, which was reached Monday, includes up to $425 million in monetary relief to consumers, a $100 million civil penalty and other offers to the nearly 150 million people who could have been affected, the Associated Press reports.
Equifax has been instructed to pay $175 million to the 48 states impacted by the breach, $1 million of which will go to Alaska.
“We continue to use all enforcement tools necessary and available to protect consumers from future security risks,” said Alaska Attorney General Kevin Clarkson in a prepared statement. “The settlement to Alaska in the amount of $1 million is a step in the right direction.”
According to CNN, the breach is the largest in the country's history. Social Security numbers, birth dates, addresses, driver's license numbers, credit card numbers and even some data from passports were compromised.
"The credit reporting company didn't notice the intruders targeting its databases, who exploited a known security vulnerability that Equifax hadn't fixed, for more than six weeks," the Associated Press reports. "The resulting scandal led to the abrupt dismissal of Equifax's then-CEO and many other executives at the company."
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