Cybersecurity
Equifax May Be Happy Paying $1 Per Customer for Their Hassle
- Firm may be able to escape blame for harm, legal experts say
- Settlement may appeal to both sides because each faces risks
Equifax’s March Breach Adds to Mounting Crisis at Company
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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.