Equifax’s $13.6 Million Oopsie: A Comedy of Errors, Discounts, and Expensive Lessons in Cybersecurity
When Equifax played “hide the data breach” in 2017, they didn’t expect the UK’s Financial Conduct Authority to play “slap the fine”. The $13.6 million Equifax security breach penalty is a comedic reminder that “admitting fault early” gets you a 30% discount. But remember, good behavior during the investigation can also save your bank balance!
Hot Take:
Equifax, the credit reporting agency, has been slapped with a hefty $13.6 million fine by the UK's Financial Conduct Authority. Apparently, they had a "Hold my beer, watch this!" moment back in 2017 when they let millions of people's data get compromised. And that's not even the worst part. They also tried to play down the severity of the breach and then acted all surprised when they got a bill for their negligence. The best part? They got a 30 percent discount for admitting their fault early. Talk about a bargain!Already a member? Log in here