Equifax Fallout Could Boost Consumers' Shaky Harm Claims

By Allison Grande (October 6, 2017, 11:29 PM EDT) -- Legislators in grilling Equifax over its massive data breach proposed fining businesses for each piece of data compromised by hackers, signaling a potentially new approach to lawmaking that could make it easier for consumers to recover damages they struggle to get in litigation.

Members from both sides of the aisle, including Rep. Joe Barton, R-Texas, and Sen. Elizabeth Warren, D-Mass., floated the consumer-oriented moves during Senate and House Committee hearings with Equifax's former CEO Richard Smith over the breach, which was first disclosed on Sept. 7 and led to the exposure of Social Security numbers and other private data belonging to...

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