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Equifax nears deal to pay about $700 million to settle U.S. data-breach probes - WSJ

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Equifax nears deal to pay about $700 million to settle U.S. data-breach probes - WSJ
FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell   -   Copyright  TAMI CHAPPELL(Reuters)
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(Reuters) – Credit reporting company Equifax Inc <EFX.N> is close to a deal to settle data breach probes by paying around $700 million (£560 million), the Wall Street Journal reported on Friday, citing people familiar with the matter.

Equifax will pay the amount to settle with the Federal Trade Commission, the Consumer Financial Protection Bureau and most state attorneys general, the Journal reported https://on.wsj.com/2y3olw9.

The 2017 data breach at the company affected more than 143 million people worldwide.

Equifax did not respond to a request for comment outside regular business hours.

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)

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