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Settlement announced in the Equifax data breach. Settlement announced in the Equifax data breach. (Source: Shutterstock)

Outrage, lawsuits and justifiable anxiety exploded following disclosure of the 2017 Equifax breach. Authorities announced a record $650 million settlement of federal and state investigations, and class-action litigation.

The final price tag could grow to as much as $700 million for the Atlanta-based credit-reporting agency over the sensitive information exposure of an estimated 145-148 million Americans including Social Security numbers, birth dates and home addresses. Equifax admitted that hackers accessed certain files from mid-May through July 2017 but waited until Sept. 7 2017 to warn consumers.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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