The credit agency Equifax has agreed to pay a $575 million fine to the FTC and its customers after a cyber security breach. Investigators found that the company failed to fix a vulnerability, resulting in the compromise of 150 million customers' data. The breach was not disclosed to the public until weeks later. Lawyer Shannon Schott explains that citizens can take legal action against a city or municipality for a data breach.
The credit agency Equifax agreed to pay $575 million to the FTC and its customers in 2019 after a cyber security breach, making it one of the biggest data breach fines levied against an American Company. Investigators said the company failed to fix a critical vulnerability leading to 150 million customers’ data being compromised. The FTC also found that Equifax failed to inform the public of the breach until weeks after the attack.
The ransomware attack on Jacksonville Beach residents is on a smaller scale compared to the attack on Equifax customers, but citizens can take legal action against a city or municipality, according to lawyer Shannon Schott
Equifax Data Breach Cyber Security Fine FTC Customers Vulnerability Compromise Breach Disclosure Legal Action City Municipality
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