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A Surprise in the Equifax Breach: Victims Likely to Get Paid

October 10, 2017

Via: Fortune

When hackers steal consumer data from a major company, the fallout is depressingly familiar: The corporation comes to a settlement with class action lawyers, who get paid nicely, while most of the victims of the breach get credit monitoring or nothing at all.

Equifax, which recently presided over one of the worst data breaches in history, is likely to be a different story.

Unlike like other high profile data breaches, such as those at Target (TGT, +2.01%) and Home Depot (HD, -0.34%) , the credit bureau will probably have to pay actual money to consumers as compensation for its sloppy security practices.

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