Equifax is set to pay out as much as $700 million in a settlement after millions of people’s data — including in Canada — was breached in 2017, reports said Friday

Reports varied on the settlement’s amount, however.

The Wall Street Journal reported that the credit monitoring agency is preparing to pay the money in an effort to settle investigations with the Consumer Financial Protection Bureau, the Federal Trade Commission and a number of state attorneys general, citing unnamed people who were “familiar with the matter.”

WATCH: Oct. 5, 2017 — Citizen activist group sends ‘Monopoly Guy’ to Equifax hearing

The New York Times, meanwhile, reported that the company would pay an amount closer to $650 million, citing two unnamed people who were close to the discussions.

Equifax was hit by a major hack in 2017 that exposed the information of as many as 143 million Americans and 8,000 Canadians.

The company said at the time that criminals had penetrated the data by exploiting an application between mid-May and July that year.

READ MORE: Equifax data breach affected 8,000 Canadians — not 100,000, review finds

Canada’s privacy commissioner said in April that Equifax Canada and its American-based parent “fell far short of their obligations to Canadians.”

The breach saw information such as people’s driver’s licence and Social Security numbers exposed.

  • With files from The Associated Press

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