Equifax Spanking Expected By Multiple Government Agencies

Equifax Spanking Is Coming By The CFPB And Federal Trade Commission Over Mass Data Breach

Equifax Spanking
An Equifax spanking is coming! The company is expecting various forms of punishment from both the Consumer Financial Protection Bureau and the Federal Trade Commission. The spanking is from the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers last year.
The company revealed the expected sanctions in a recent filing with the Securities and Exchange Commission.
Equifax states the CFPB and FTC have both notified the company that they expect to seek injunctive relief damages in regards to the data breach. 
The company added that it will cooperate with the agencies in their investigations.
The company did not provide an expected timeline for when the potential punishment will be announced, but the fact that the CFPB is seeking to levy a fine against the company for the breach represents a shift from the bureau’s recent actions in the case.

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