Equifax to Pay $380.5 Million to Settle Data Breach Class Claims

Equifax Inc. will pay $380.5 million to resolve allegations stemming from a 2017 data breach under an agreement approved by the Northern District of Georgia.

The settlement class consists of approximately 147 million U.S. consumers identified by Equifax whose personal information was compromised as a result of the cyberattack and data breach the company announced Sept. 7, 2017.

The company will deposit the money into a fund from which class members will be able to claim up to $20,000 for out-of-pocket losses, under the order issued by the U.S. District Court for the Northern District of Georgia Monday. If needed, ...