Bloomberg Law
Sept. 20, 2017, 1:59 PM UTC

Equifax May Be Happy to Spend $1 Per Customer for Their Trouble

By Edvard Pettersson, Bloomberg News

Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data.

While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security breach, legal experts say there’s room for a deal because neither side has a slam-dunk case.

A global settlement of about $200 million is plausible, said Nathan Taylor, a cybersecurity lawyer with Morrison Foerster LLP in Washington. That’s a projection based on the $115 million Anthem Inc. agreed to pay in June -- setting a ...

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