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Equifax fined £500,000 for failing to protect customer data - MSE News

Credit reference agency Equifax has been fined £500,000 following an investigation into a hack last year, which compromised more than 15 million UK customer records...
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'Equifax fined £500,000 for failing to protect customer data'
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  • SnowTiger
    SnowTiger Posts: 4,461 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Credit reference agency Equifax has been fined £500,000 following an investigation into a hack last year, which compromised more than 15 million UK customer records.

    Less than 3.5p for each compromised customer record.

    Bargain.

    How much is your data worth?

    Meanwhile, Comcast offered to pay £26,000,000,000 for Sky's 23,000,000 subscribers. That's £1,130 per subscriber.
  • Doc_N
    Doc_N Posts: 8,554 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    This ought to make compensation claims against Equifax easier because the negligence aspect is pretty much proved. Quantifying the loss is still difficult but everything’s negotiable.
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