By Jeff Dale2023-10-13T18:57:00
The Financial Conduct Authority (FCA) fined Equifax’s U.K. unit more than 11 million pounds (U.S. $13.3 million) regarding the company’s 2017 data breach that affected approximately 13.8 million U.K. consumers.
Equifax was originally fined nearly £16 million (U.S. $19.4 million) but qualified for a 30 percent discount under executive settlement procedures, the FCA announced in a press release Friday. The U.K. regulator also noted Equifax received a 15 percent credit for its cooperation and remedial efforts.
Equifax failed to manage and secure U.K. consumer data outsourced to its parent company in the United States, the FCA alleged.
2023-10-16T21:16:00Z By Jeff Dale
Software company Blackbaud agreed to pay $49.5 million in a multistate settlement addressing charges related to a 2020 cyberattack that exposed the personal data of approximately 13,000 consumers.
2020-01-21T19:40:00Z By Jaclyn Jaeger
A massive data breach that was “entirely preventable” will cost credit-reporting agency Equifax another $1 billion to beef up its cyber-security efforts.
2019-07-22T19:45:00Z By Jaclyn Jaeger
What resulted in the largest-ever breach of consumer data culminated in the largest data breach enforcement action in history.
2025-07-09T18:02:00Z By Adrianne Appel
CVS has vowed to appeal $948.8 million in fines and damages imposed by a judge Tuesday on its Omnicare unit, for billing Medicare for tens of thousands of false claims.
2025-07-08T19:50:00Z By Aaron Nicodemus
Federal banking regulators have laid the blame for Discover Financial Services charging merchants $1 billion in excessive credit card fees over 17 years squarely at the feet of company executives.
2025-07-07T19:02:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.
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