More than 20 class-action lawsuits filed against Equifax


After disclosing last week that 143 million U.S. consumers may have had their personal information compromised during a cyberattack by criminal hackers, credit-reporting agency Equifax is already facing at least 23 proposed class-action lawsuits.
The company said the attacks took place from mid-May to July 2017, and the breach involved names, addresses, birthdays, and Social Security numbers, as well as some driver's license numbers. Equifax said it found out about the breach on July 29, and the Senate Finance Committee sent a letter to the company on Monday asking for a detailed timeline of what happened, how the company is working to figure out how many people have been affected, and what information was compromised.
The federal lawsuits have been filed in 14 states and the District of Columbia, covering everything from alleged security negligence to the delay in notifying customers, USA Today reports. One case, filed in California, takes aim at Equifax's offer to give customers a free year of credit monitoring from TrustedID, because the company "failed to disclose to consumers that it owned TrustedID, and its long-term business model turns on baiting consumers into signing up for its services. In other words, Equifax sought to turn its failure to protect consumers' sensitive data into a clandestine money-making opportunity."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures