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Daily Dashboard | US court approves $1.38B Equifax class-action settlement Related reading: Notes from the IAPP, Sept. 18, 2020




The U.S. District Court Northern District of Georgia has signed off on Equifax's $1.38 billion class-action settlement over its 2017 data breach, BankInfoSecurity reports. According to Chief Judge Thomas Thrash Jr.'s decision, Equifax will put $1 billion toward improving its data security, while a maximum of $31 million in damages will be distributed among affected consumers. "This settlement is the largest and most comprehensive recovery in a data breach case in U.S. history by several orders of magnitude," Thrash wrote. Meanwhile, Government Technology reports affected Equifax customers have a Jan. 22 deadline to file for damages under the Federal Trade Commission's settlement with the credit bureau.
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