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Maine to receive $1M in settlement over Equifax data breach

Democratic Attorney General Aaron Frey says Monday the breach affected over 500,000 Maine residents.

Credit: AP

This Saturday, July 21, 2012, photo shows signage at the corporate headquarters of Equifax Inc. in Atlanta. A Wall Street Journal report says that hackers broke into Equifax's computer systems in March 2017, giving them time to probe vulnerabilities and eventually gain access to the data of 143 million Americans. The Journal cited a report from security firm FireEye sent to some Equifax customers, including financial firms. (AP Photo/Mike Stewart)

Maine is set to receive $1 million from a proposed multimillion-dollar settlement with a consumer credit reporting agency.

Equifax will pay up to $700 million to settle with the Federal Trade Commission and others over a 2017 data breach that exposed private information such as Social Security numbers of nearly 150 million people.

RELATED: Equifax to pay up to $700M in data breach settlement

Democratic Attorney General Aaron Frey says Monday the breach affected over 500,000 Maine residents.

RELATED: Half a million Mainers exposed in Equifax data breach

The proposed settlement with the Consumer Financial Protection Bureau, if approved in federal district court, will provide up to $425 million in relief to consumers, a $100 million civil money penalty, and other relief. The bureau coordinated its investigation with the Federal Trade Commission and attorneys general nationwide.

Equifax is set to pay attorneys general $175 million, with Maine receiving $1 million.