On July 22, 2019, the FTC announced that Equifax agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement agreement with the FTC, the CFPB, and 50 U.S. states and territories to resolve investigations into the colossal data breach the company suffered in 2017. This is the largest data breach settlement in U.S. history.
Continue Reading Equifax Agrees to Pay Up to $700 Million to Resolve 2017 Breach, the Largest Data Breach Settlement in U.S. History

On October 23, 2018, the parties in the Yahoo! Inc. Customer Data Security Breach Litigation pending in the Northern District of California and the parties in the related litigation pending in California state court filed a motion seeking preliminary approval of a settlement related to breaches of the company’s data.
Continue Reading Yahoo! Agrees to Settle Data Breach Class Actions with $50 Million Fund and Credit Monitoring

Effective October 1, 2018, Connecticut law requires organizations that experience a security breach affecting Connecticut residents’ Social Security numbers to provide 24 months of credit monitoring to affected individuals. Previously, Connecticut law required entities to provide 12 months of credit monitoring for breaches affecting SSNs.
Continue Reading Connecticut Requires 24 Months of Credit Monitoring for Certain Security Breaches

Effective September 21, 2018, Section 301 of the Economic Growth, Regulatory Relief, and Consumer Protection Act requires consumer reporting agencies to provide free credit freezes and year-long fraud alerts to consumers throughout the country.
Continue Reading New Federal Credit Freeze Law Eliminates Fees, Provides for Year-Long Fraud Alerts

On June 25, 2018, the New York Department of Financial Services issued a final regulation requiring consumer reporting agencies with “significant operations” in New York to (1) register with NYDFS for the first time and (2) comply with the NYDFS’s cybersecurity Regulation.
Continue Reading NYDFS Cybersecurity Regulation to Apply to Consumer Reporting Agencies

On August 17, 2017, as reported in BNA Privacy Law Watch, Delaware amended its data breach notification law, effective April 14, 2018. The amendments include expansion of the definition of personal information, timing of notification, changes to the harm threshold and credit monitoring service changes.
Continue Reading Delaware Amends Data Breach Notification Law

On June 23, 2017, Anthem Inc., the nation’s second largest health insurer, reached a record 115 million dollar settlement in a class action lawsuit arising out of a 2015 data breach that exposed the personal information of more than 78 million people. Among other things, the settlement creates a pool of funds to provide credit monitoring and reimbursement for out-of-pocket costs for customers.
Continue Reading Record Data Breach Settlement in Anthem Class Action