The Federal Trade Commission (FTC) has opened an investigation into the Equifax data breach that exposed the personal information of over 145 million people. The FTC is looking into whether Equifax violated consumer protection laws by failing to secure sensitive data.
Equifax faced criticism for its handling of the data breach, including the delay in notifying the public about the incident. The company also came under fire for its response to the breach, including offering free credit monitoring services that required consumers to waive their right to sue Equifax.
If Equifax is found to have violated consumer protection laws, it could face fines and other penalties from the FTC. The company could also face lawsuits from affected consumers seeking compensation for the harm caused by the data breach.
Is Equifax being held accountable for the data breach?
What steps can consumers take to protect their information following the Equifax data breach?
Will the Equifax data breach lead to stricter data protection regulations?
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FTC investigates Equifax data breach.