Equifax to pay USD 700 million in a settlement over 2017 data breach

Equifax Inc is reportedly nearing a USD 700 million settlement with the US Federal Trade Commission (FTC) over a massive data breach in 2017.

The Wall Street Journal has reported that the settlement money would also resolve a nationwide consumer class-action lawsuit against Equifax.

The 2017 data breach exposed social security numbers and other sensitive personal information of nearly 150 million Americans.