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AG Jeff Landry, Fellow Attorneys General Secure $600 Million from Equifax in Largest Data Breach Settlement in History

Equifax Settlement Includes Up to $425 Million in Consumer Restitution Following Investigation into 2017 Data Breach

BATON ROUGE, LA – Louisiana Attorney General Jeff Landry today announced that a coalition of 50 Attorneys General has reached a settlement with Equifax as the result of an investigation into a massive 2017 data breach. The settlement is the largest data breach enforcement action in history and includes a Consumer Restitution Fund of up to $425 million, a $175 million payment to the states, and injunctive relief that contains a significant financial commitment.

“Equifax failed to maintain a reasonable security system, enabling hackers to penetrate its systems and expose the data of 56 percent of American adults,” said General Landry. “I am proud of our office’s work to get justice for Louisiana’s consumers and all Americans impacted by this historic breach of consumer data.”

Following the 2017 breach that exposed social security numbers, names, dates of birth, addresses, credit card numbers, and/or driver’s license numbers – the coalition of Attorneys General launched a multi-state investigation. General Landry’s Office served on the Executive Committee of that investigation.