Equifax agrees $1.38bn data breach lawsuit settlement


A US judge has rubber-stamped a $1.38 billion settlement related to the massive 2017 data breach at Equifax – capping the amount available for cash payouts to victims.

As first reported by BankInfo Security, the federal judge has given final approval for a settlement that deals with a class action lawsuit against Equifax.

Mirroring an agreement reached between Equifax and the Federal Trade Commission last year, the settlement sees the tens of millions of Americans affected by the breach given the choice between free credit monitoring or a cash payment.