Equifax will pay $575 million in fines for the massive 2017 data breach that exposed sensitive information for 147 million people.
The sum is part of a settlement announced Monday morning with 50 U.S. attorneys general, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau.
The settlement requires Equifax to pay $300 million to a compensation fund for victims of the breach and could end up paying an additional $125 million if the fund runs out — meaning the company could end up paying as much as $700 million.
