{"id":70407,"date":"2019-07-22T11:09:00","date_gmt":"2019-07-22T11:57:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-equifax-announces-comprehensive-consumer-settlement-arising-from-2017-cybersecurity-incident\/"},"modified":"2019-07-22T11:12:02","modified_gmt":"2019-07-22T15:12:02","slug":"equifax-anuncia-un-acuerdo-global-para-el-consumidor-como-resultado-de-su-incidente-de-ciberseguridad-en-2017","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/equifax-anuncia-un-acuerdo-global-para-el-consumidor-como-resultado-de-su-incidente-de-ciberseguridad-en-2017\/","title":{"rendered":"Equifax Announces Comprehensive Consumer Settlement Arising From 2017 Cybersecurity Incident"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">July 22, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=3777868361&amp;u=http%3A%2F%2Fwww.equifax.com%2F&amp;a=Equifax\" rel=\"nofollow\">Equifax<\/a><\/u> Inc. (NYSE: EFX) today announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident.\u00a0 <\/p>\n<div id=\"prni_dvprnejpge6acleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpge6acleft\" title=\"EFX logo - Powering the World with Knowledge\" border=\"0\" alt=\"EFX logo - Powering the World with Knowledge\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/476502\/Equifax_Powering_the_World_Logo.jpg \" imagelabel=\"General\"\/><\/div>\n<p>The <span class=\"xn-money\">$671 million<\/span> resolution includes settlement agreements that would resolve the multi-district consumer class action litigation, as well as investigations by the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), the Attorneys General of 48 states, <span class=\"xn-location\">Puerto Rico<\/span> and the <span class=\"xn-location\">District of Columbia<\/span>, and the New York Department of Financial Services (NYDFS). <\/p>\n<p>If approved by the Court, a consumer restitution fund of up to <span class=\"xn-money\">$425 million<\/span> will be available to pay for three-bureau credit monitoring for consumers whose information was impacted in the 2017 breach, actual out-of-pocket losses related to the breach, and other consumer benefits such as identity restoration services. Equifax has been providing free credit monitoring services to consumers since <span class=\"xn-chron\">September 2017<\/span>. <\/p>\n<p>&#8220;This comprehensive settlement is a positive\u00a0step for U.S. consumers and Equifax as we move forward from the 2017 cybersecurity incident and focus on our transformation investments in technology and security as a leading data, analytics, and technology company,&#8221; said Equifax Chief Executive Officer, <span class=\"xn-person\">Mark W. Begor<\/span>. &#8220;The consumer fund of up to <span class=\"xn-money\">$425 million<\/span> that we are announcing today reinforces our commitment to putting consumers first and safeguarding their data &#8211; and reflects the seriousness with which we take this matter. We have been committed to resolving this issue for consumers and have the financial capacity to manage the settlement while continuing our <span class=\"xn-money\">$1.25 billion<\/span> EFX2020 technology and security investment program. We are focused on the future of Equifax and returning to market leadership and growth.&#8221;<\/p>\n<p>As part of the resolution, Equifax has agreed to continue the significant steps it has taken in the wake of the cybersecurity incident to enhance its information security and technology program.\u00a0It also has agreed to make payments totaling <span class=\"xn-money\">$290.5 million<\/span> directly to certain state and federal regulatory agencies and to pay attorneys&#8217; fees and costs in the multi-district litigation. Equifax recorded an accrual of <span class=\"xn-money\">$690 million<\/span> in the first quarter of 2019 and expects to increase its accrual by approximately <span class=\"xn-money\">$11 million<\/span> in the second quarter of 2019 principally related to the comprehensive consumer settlement, resulting in a total <span class=\"xn-money\">$701 million<\/span> accrual related to the 2017 cybersecurity incident.<\/p>\n<p>If the Court approves, members of the settlement class will receive notification of their rights and options as part of the multi-district litigation. More information can be found at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=3035441817&amp;u=http%3A%2F%2Fwww.equifaxbreachsettlement.com%2F&amp;a=www.equifaxbreachsettlement.com\" rel=\"nofollow\">www.equifaxbreachsettlement.com<\/a>. <\/p>\n<p>Additional detail on the terms of the proposed settlement in our Form 8-K filed today with the Securities and Exchange Commission. <\/p>\n<p>Equifax CEO <span class=\"xn-person\">Mark Begor<\/span> will provide details in the following conference calls: <\/p>\n<ul type=\"disc\">\n<li><b><span class=\"xn-chron\">9:00 a.m. ET<\/span> Conference call for investors, analysts and others <br \/><\/b>U.S. and Canadian participants should dial: (888) 254-3590. <br \/>International callers should dial: (786) 789-4797.\u00a0 <br \/><i>A replay of this conference call will be available beginning <span class=\"xn-chron\">Monday, July 22<\/span> at <span class=\"xn-chron\">12:00 p.m. ET<\/span> and ending at <span class=\"xn-chron\">12:00 p.m. ET on Monday<\/span>, July 29.\u00a0 To access the replay, please\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=276818872&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2379295-1%26h%3D978544542%26u%3Dhttps%253A%252F%252Fevent.mymeetingroom.com%252FPublic%252FWebRegistration%252FY29uZmVyZW5jZUlkPTMxNjI2OTkmdHlwZT1yZXBsYXkmbGFuZ3VhZ2U9ZW5nbGlzaA%253D%253D%26a%3Dregister&amp;a=register\" rel=\"nofollow\">register<\/a><\/u>.<\/i><\/li>\n<\/ul>\n<ul type=\"disc\">\n<li><b><span class=\"xn-chron\">9:30 a.m. ET<\/span> Conference call for media <br \/><\/b>U.S. and Canadian participants should dial: (800) 289-0438. International callers should dial: (786) 789-4783.<\/li>\n<\/ul>\n<p>Please dial the appropriate number 5-10 minutes prior to the start of the calls to complete registration. Name and affiliation\/company are required to join.<\/p>\n<p><b><u>Forward-Looking Statements<\/u><\/b><\/p>\n<p>This release contains forward-looking statements and forward-looking information. These statements can be identified by expressions of belief, expectation or intention, as well as statements that are not historical fact. These statements are based on certain factors and assumptions. While the company believes these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.<\/p>\n<p>Several factors could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to, potential adverse developments in new and pending legal proceedings or government investigations, including the failure to obtain final court approval of the agreements which make up the Consumer Settlement; uncertainties regarding the ultimate amount and timing of payments the Company may be required to make in connection with the Consumer Settlement; the cost of compliance with the Company&#8217;s non-monetary obligations associated with the Consumer Settlement; uncertainties regarding the outcome of the remaining legal proceedings or government investigations related to the 2017 cybersecurity incident; and limitations on the Company&#8217;s ability to access the capital markets and corresponding effects on the Company&#8217;s ability to finance its obligations. A summary of additional risks and uncertainties can be found in the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2018<\/span>, including without limitation under the captions &#8220;Item 1. Business \u2014 Governmental Regulation&#8221; and &#8220;\u2014 Forward-Looking Statements&#8221; and &#8220;Item 1A. Risk Factors,&#8221; and in the Company&#8217;s other filings with the U.S. Securities and Exchange Commission. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n<p><b>About Equifax\u00a0<\/b><br \/>Equifax is a global data, analytics, and technology company and believes knowledge drives progress. The Company blends unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward. Headquartered in\u00a0Atlanta, Equifax operates or has investments in 24 countries in\u00a0North America, Central and\u00a0South America,\u00a0Europe\u00a0and the\u00a0Asia Pacific\u00a0region. It is a member of Standard &amp; Poor&#8217;s (S&amp;P) 500\u00ae Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 employees worldwide. For more information, visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=2584660532&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2507877-1%26h%3D3471243818%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2487638-1%2526h%253D377278997%2526u%253Dhttps%25253A%25252F%25252Fwww.equifax.com%25252Fpersonal%25252F%2526a%253DEquifax.com%26a%3DEquifax.com&amp;a=Equifax.com\" rel=\"nofollow\">Equifax.com<\/a>\u00a0and follow the company&#8217;s news on\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=3106403083&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2507877-1%26h%3D3432097830%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2487638-1%2526h%253D1348596810%2526u%253Dhttps%25253A%25252F%25252Ftwitter.com%25252FEquifaxInsights%2526a%253DTwitter%26a%3DTwitter&amp;a=Twitter\" rel=\"nofollow\">Twitter<\/a>\u00a0and\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=1304353575&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2507877-1%26h%3D1243994618%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fshowcase%252Fequifax%252F%26a%3DLinkedIn&amp;a=LinkedIn\" rel=\"nofollow\">LinkedIn<\/a>.<\/p>\n<p>FOR MORE INFORMATION<\/p>\n<p><span class=\"xn-person\">Amanda Rosseter<\/span> <br \/><u><a target=\"_blank\" href=\"mailto:mediainquiries@equifax.com\" rel=\"nofollow\">mediainquiries@equifax.com<\/a><\/u>\u00a0<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=2920430176&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F476502%2FEquifax_Powering_the_World_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F476502%2FEquifax_Powering_the_World_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/476502\/Equifax_Powering_the_World_Logo.jpg<\/a> <\/p>\n<p>SOURCE  Equifax Inc.<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">July 22, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2530651-1&amp;h=3777868361&amp;u=http%3A%2F%2Fwww.equifax.com%2F&amp;a=Equifax\" rel=\"nofollow\">Equifax<\/a><\/u> Inc. (NYSE: EFX) today announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident.\u00a0 <\/p>\n<p>&lt;div id=&quot;prni_dvprnejpge6acleft&quot; style=&quot;WIDTH: 100%; TEXT-ALIGN:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-70407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=70407"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/70408"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=70407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=70407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=70407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}