Consumer Confidential: Equifax endangered millions. It's now hoping you won't seek $125 in compensation
by David Lazarus, Los Angeles Times
Jul 26, 2019
4 minutes
At first glance, it appeared Equifax and Facebook got their comeuppance this week for privacy screw-ups that endangered hundreds of millions of Americans.
Equifax agreed to pay as much as $700 million to resolve federal and state investigations into the 2017 hack that compromised the privacy of more than 147 million people. (I'll tell you how you can get a piece of that.)
Facebook was slapped with a record $5-billion fine by the Federal Trade Commission over the Cambridge Analytica scandal that resulted in 87 million Facebook users' data being accessed without their approval.
Here's the thing, though. A quick crunching of the numbers reveals that Equifax is paying only about $4.75
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