They say that hindsight is 20/20—which unfortunately is no help to Equifax right now. Last week, the credit reporting agency finalized a $1.4 billion settlement with 147 million consumers who were impacted by the company’s 2017 data breach. Included in the agreement were a combined 10 years of credit monitoring and identity protection services.
While not every breach approaches the size or scope of Equifax, the settlement may illustrate some emerging trends—as well as a few nagging questions—over the way such incidents will be litigated in the future.
