Report: Equifax to pay $700 million in breach settlement

5 things to know about... the Equifax data breach, one year later 1. Information on more than 147 million Americans was accessed in the worst data breach in U.S. history to date. Rick Smith stepped down as Equifax CEO in late Sept. 2017. 2. In July 2018, Equifax had revenue of $876.9 million during the second quarter of 2018, up 2 percent from the same quarter of last year, officials said. 3. Equifax told Wired magazine that the company has invested $200 million on data security infrastructure. 4. The n

SAN FRANCISCO — The Wall Street Journal says Equifax will pay around $700 million to settle with the Federal Trade Commission over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people.

The Journal, citing unnamed sources familiar with the matter, said the settlement could be announced as soon as Monday. Equifax declined to comment.

The report says the deal would resolve investigations by the FTC, the Consumer Financial Protection Bureau and most state attorneys general. It would also resolve a nationwide consumer class-action lawsuit.

Spokesmen for the FTC and the CFPB didn't immediately return messages seeking comment Friday night.

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The breach was one of the largest affecting people's private information. Atlanta-based Equifax did not notice the attack for more than six weeks. The compromised data included Social Security numbers, birth dates, addresses, driver license numbers and credit card numbers.

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The company said earlier this year that it had set aside around $700 million to cover anticipated settlements and fines.