Equifax is being hit with a £500,000 fine over its massive 2017 data breach that affected 146 million people globally, the UK's Information Commissioner's Office (ICO) announced Wednesday.

Why it matters: The fine is very small compared to what Equifax would've received had the breach happened just one year later, when the U.K. implemented GDPR, the sweeping data privacy law that would've penalized Equifax up to 4% of its global annual revenue.

The U.K.'s privacy office says it's fining Equifax for failing to protect the personal information of up to 15 million UK citizens during the 2017 attack. It says the loss of personal information is particularly problematic because it undermines consumer trust in digital commerce.

"Equifax Ltd has received the highest fine possible under the 1998 legislation because of the number of victims, the type of data at risk and because it has no excuse for failing to adhere to its own policies and controls as well as the law.”
— Elizabeth Denham, Information Commissioner in a statement

The big picture: Equifax has dodged a lot of scrutiny and penalties despite experiencing one of the most pervasive data breaches of personal information to date. As Axios' Joe Uchill notes, the breach has barely changed lawmakers' thinking on Capitol Hill.

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Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Driving the news: Metrosafe, the city's emergency services, said it received reports of a shooting at South Brook St. and Broadway Ave., near the area where protests were taking place. A police spokesperson told a press briefing the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 1 hour ago - Politics & Policy

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Biden: Breonna Taylor indictment "does not answer" call for justice

Former Vice President Joe Biden. Photo: Leigh Vogel/Getty Images

Former Vice President Joe Biden on Wednesday condemned the grand jury indictment of a Louisville police officer who entered Breonna Taylor's home in March in a botched drug raid that led to her death, saying in a statement the decision "does not answer" for equal justice.

The big picture: Biden called for reforms to address police use of force and no-knock warrants, while demanding a ban on chokeholds. He added that people "have a right to peacefully protest, but violence is never acceptable."

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