Tag Archives: Equifax

The Associated Press reports: Four members of the Chinese military have been charged with breaking into the networks of the Equifax credit reporting agency and stealing the personal information of tens of millions of Americans, the Justice Department said Monday, blaming Beijing for one of the largest hacks in history. The 2017 breach affected roughly 145 million people, with the …

USA Today reports:  Credit-reporting company Equifax will pick up the tab in a deal with the Federal Trade Commission, Consumer Financial Protection Bureau and 50 states and territories to settle allegations that it did not implement sufficient security measures to protect its network. The deal calls for Equifax to pay at least $575 million, including $300 million for free credit …

CNBC reports: The Monopoly guy has gone to Washington. A person dressed in a black top hat and bushy white mustache, occasionally putting on a monocle or dabbing forehead sweat with giant paper money, sat in the audience of the Senate Banking Committee hearing on the Equifax data breach on Wednesday. Former Equifax CEO Richard Smith didn’t seem to notice. …

Business Insider reports: Equifax, the consumer-data giant that was targeted in a hack that exposed the personal data of nearly half the U.S. population, said its CEO is out effective immediately. Richard Smith will “retire” as Chairman of the Board and CEO effective September 26, 2017, according to a statement from the company’s board. Board member Mark Feidler has been …

Bloomberg reports: Equifax Inc. learned about a major breach of its computer systems in March — almost five months before the date it has publicly disclosed, according to three people familiar with the situation. In a statement, the company said the March breach was not related to the hack that exposed the personal and financial data on 143 million U.S. …

TechCrunch reports: Top executives at Equifax are retiring effective immediately, according to the WSJ. Susan Mauldin was the company’s chief security officer and David Webb was the chief information officer. The report says the executives are retiring, though, in the wake of the company’s major security breach, “retire” feels like an euphemism for “fired.” The company says the personnel changes …

Reuters reports: U.S. senator on Tuesday called for a criminal investigation of executives from credit bureau Equifax  for stock sales after a massive data breach this summer, and said their actions were comparable to insider trading. Senator Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly $2 million …

The Daily Beast reports: Victims of one of the most significant data breaches in U.S. history have filed a class-action lawsuit against the credit-monitoring firm Equifax. On Thursday, the company announced that hackers had stolen Social Security numbers and other personal information belonging to 143 million people, leaving them potentially vulnerable to identity theft and fraud. Victims of the breach …

CNBC reports: Equifax, which supplies credit information and other information services, said Thursday that a data breach could have potentially affected 143 million consumers in the United States. Equifax said it discovered the breach on July 29. “Criminals exploited a U.S. website application vulnerability to gain access to certain files,” the company said. Shares of Equifax fell more than 5 …