Page 64 - 期货和衍生品行业监管动态（2023年10月刊）

期货和衍生品行业监管动态

Notes to editors

1. Final Notice.

2. Given the public interest in this matter, the FCA confirmed its investigation

into Equifax Ltd in 2017.

3. Equifax Ltd agreed to resolve this matter and qualified for a 30% (Stage 1)

discount under the Authority’s executive settlement procedures. Were it not for

this discount, the Authority would have imposed a financial penalty of

£15,949,200 (before 30% discount) on Equifax Ltd.

4. Equifax Ltd also received a 15% credit for mitigation in acknowledgement of

its high level of cooperation during the investigation, the voluntary redress it

offered to consumers and the global transformation programme it instituted

after the incident.

5. The Information Commissioner’s Office investigated the data breach and
imposed a £500,000 fine on Equifax Ltd in 2018.

6. The data outsourced was for the Equifax Identity Verifier and Global

Consumer Solutions. The Equifax Identity Verifier product is one of the B2B

services Equifax Ltd provides to business customers, which helps businesses

to verify and authenticate their customers’ identities. Global Consumer

Solutions is a product that gives retail consumers access to their credit reports

and it also provides a web monitoring service.

https://www.fca.org.uk/news/press-releases/equifax-ltd-fine-cyber-security-breach

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