As a result, the attackers penetrated Equifax’s system and went unnoticed for 76 days. Moreover, Equifax failed to replace software that monitored the breached network for suspicious activity. Despite knowing about a critical vulnerability in its software, Equifax failed to fully patch its systems. The investigation found that the breach occurred because Equifax failed to implement an adequate security program to protect consumers’ highly sensitive personal information. Shortly after the breach, a coalition that grew to 50 attorneys general launched a multi-state investigation into the breach. Breached information included social security numbers, names, dates of birth, addresses, credit card numbers, and in some cases, driver’s license numbers. population, including more than 4 million Virginians. On September 7, 2017, Equifax, one of the largest consumer reporting agencies in the world, announced a data breach affecting more than 147 million consumers – nearly half of the U.S. While this settlement puts Virginians who have been affected by the data breach one step closer to being made whole, consumers need to remain vigilant regarding their data, including monitoring their credit card and bank statements as well as credit reports.” “I hope this settlement sends a message to companies nationwide that my colleagues and I will not tolerate their failure to keep consumers information protected and private. “More than 4 million Virginians had their personal information compromised by Equifax’s negligence and failure to implement adequate security programs,” said Attorney General Herring. This is the largest data breach enforcement action in history. The settlement includes a Consumer Restitution Fund of up to $425 million, a $175 million payment to the states, which includes $4,302,173.75 for Virginia, and injunctive relief, which also includes a significant financial commitment. The investigation found that Equifax’s failure to maintain a reasonable security system enabled hackers to penetrate its systems, exposing the data of 56 percent of American adults-the largest-ever breach of consumer data. Herring today announced that a coalition of 50 attorneys general, comprising 48 states, the District of Columbia, and the Commonwealth of Puerto Rico has reached a settlement with Equifax as the result of an investigation into a massive 2017 data breach. The entire release - including information about filing claims for redress - is below: RICHMOND (WINA) – State Attorney General Mark Herring says Virginia’s share of the Equifax data breach settlement is more than $4.3-million after more than 4-million Virginians had their personal information compromised. An investigation into the 2017 data breach - according to Herring’s office - found Equifax’s failure to maintain a reasonable security system enabled hackers to penetrate its systems, exposing the data of 56 percent of American adults. He says that’s the largest consumer data breach ever - and this is also the largest data breach enforcement action ever.īreached information included social security numbers, names, dates of birth, addresses, credit card numbers, and in some cases, driver’s license numbers.
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