Equifax Hit With £11 Million UK Fine Over Massive Cyber Hack (1)

Equifax Inc.’s British unit was hit with an £11 million ($13.4 million) fine after failing to protect the data of millions of clients amid one of the biggest cyber-security breaches in history.

The Financial Conduct Authority said Friday it had fined Equifax Ltd. over the 2017 hack that accessed the personal information of 13.8 million UK customers because Equifax outsourced the data to its US parent for processing and didn’t put the right safeguards in place.

“Financial firms hold data on customers that is highly attractive to criminals,” said Therese Chambers, the FCA’s joint executive director of enforcement and ...