Edition:
United Kingdom

Equifax Announces Comprehensive Consumer Settlement Arising From 2017 Cybersecurity Incident


Monday, 22 Jul 2019 

July 22 (Reuters) - Equifax Inc ::EQUIFAX ANNOUNCES COMPREHENSIVE CONSUMER SETTLEMENT ARISING FROM 2017 CYBERSECURITY INCIDENT.EQUIFAX - $671 MILLION RESOLUTION INCLUDES SETTLEMENT AGREEMENTS THAT WOULD RESOLVE MULTI-DISTRICT CONSUMER CLASS ACTION LITIGATION, AMONG OTHERS.EQUIFAX INC - RECORDED AN ACCRUAL OF $690 MILLION IN Q1 OF 2019.EQUIFAX INC - AGREED TO CONTINUE SIGNIFICANT STEPS IT HAS TAKEN IN WAKE OF CYBERSECURITY INCIDENT TO ENHANCE INFORMATION SECURITY, TECHNOLOGY PROGRAM.EQUIFAX - EXPECTS TO INCREASE ITS ACCRUAL BY ABOUT $11 MILLION IN Q2 OF 2019 PRINCIPALLY RELATED TO COMPREHENSIVE CONSUMER SETTLEMENT.EQUIFAX - TO MAKE $290.5 MILLION PAYMENTS DIRECTLY TO CERTAIN STATE, FEDERAL REGULATORY AGENCIES AND TO PAY ATTORNEYS' FEES, COSTS IN MULTI-DISTRICT LITIGATION. 

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141.3
-0.64 -0.45%
13 Sep 2019