Federal prosecutors on Wednesday charged a former Equifax executive with insider trading, alleging that he profited from confidential information about the massive data breach at the company that compromised sensitive data of 148 million people.Jun Ying, former chief information officer of a U.S. business unit of Equifax, faces...
Equifax has once again bumped up the estimated number of U.S. consumers affected by its massive breach – now saying that data on 147.9 million was somehow exposed.The company's interim CEO Paulino do Rego Barros, Jr. said the revelation “is not about newly discovered stolen...
Equifax is facing a fresh demand to disclose the full extent of last year's data breach, following a report that it was bigger than previously disclosed.The Wall Street Journal (WSJ) reported on Friday that cyber-thieves had accessed US citizens' email addresses, tax ID numbers and...
Days after a report emerged that the Consumer Financial Protection Bureau might be pulling back its probe into the Equifax data breach under acting head Mick Mulvaney, Sen. Elizabeth Warren (D-MA) is releasing a new report on the incident that left the personal information of...
Two senators on Wednesday proposed “massive and mandatory” fines for data breaches at Equifax Inc. and other credit reporting companies, starting at $100 for each consumer whose sensitive information is compromised.The bill from Sens. Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) would add a $50...
Where does the time go? It's already 2018 but we can't just forget about all the things that happened in 2017. Like a massive data breach. You remember, the Equifax one that exposed the Social Security numbers, address and credit information for over 145 million...
The massive Equifax data breach, which compromised the identities of more than 145 million Americans, prompted a telling response from Congress: It did nothing.Some industry leaders and lawmakers thought September’s revelation of the massive intrusion — which took place months after the credit reporting agency...
Gov. Cuomo on Tuesday ordered additional state oversight of consumer credit monitoring agencies following last summer’s data breach at Equifax.Cuomo directed the Department of State to enact new regulations that would, among other steps, require credit reporting agencies to respond within 10 days to any...
Equifax Inc on Friday warned that this year's massive data breach will harm the credit reporting company's future sales, saying it will reduce revenue and weigh on profit in the fourth quarter.Businesses and governments delayed signing new contracts in the third quarter and that trend...
Consumers Union gathered outside the corporate headquarters of Equifax to deliver 180,000 petition signatures, calling on the company to step up its efforts to help people impacted by its massive data breach.Eight weeks after Equifax officials announced that hackers had gained access to the personal...