Episode 158 – Equifax Would Pay $1.5 BILLION If New Proposed Laws Were In Place
Penalties from hacked companies are insufficient to curb security practices and properly cover victims. That is about to change. A new proposal by the Senate would significantly increate the penalties against credit agencies that were hacked. Equifax got off lucky from their 145.5 million record breach, under the new law they would have paid $1.5 billion with half going to the victims. This episode breaks down the details.
Be aware, be safe.
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