Equifax's $996m data breach settlement spurs calls for new rules

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Equifax's $996m data breach settlement spurs calls for new rules

"It's a parking ticket, not a penalty."

Credit-reporting company Equifax will pay up to US$700 million ($996 million) to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules. The largest-ever settlement for a data breach draws ...

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