Equifax

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'Monopoly Man' Explains 'His' Stunt in Online AMA

The 'man' is really financial activist Amanda Werner, and she had quite a lot to say on Reddit

(Newser) - She came, she saw, she conquered the Equifax Senate Banking Committee hearing —dressed up like the "Monopoly Man." Amanda Werner went viral after she donned her top hat, mustache, and monocle Wednesday to resemble Rich Uncle Pennybags, sitting behind ex-Equifax CEO Richard Smith, and on Friday, Werner... More »

Rich Uncle Pennybags Trolls Equifax Senate Hearing

Activist dressed as the 'Monopoly guy' protests forced arbitration clauses

(Newser) - If you've been watching the Senate Banking Committee hearing on the Equifax data breach Wednesday, you may have noticed a hard-to-miss attendee photobombing the proceedings behind former Equifax CEO Richard Smith: Rich Uncle Pennybags, the well-known character from the Monopoly board game. (See the "Monopoly guy" in action... More »

Guess Who Landed $7M Deal to Help IRS Verify Your Identity?

One lawmaker thought Equifax contract was a joke

(Newser) - Despite its very public failure to protect the data of about 150 million Americans, Equifax has landed a fat government deal to prevent fraud. Under the $7.25 million no-bid contract signed last month, the embattled credit bureau will provide the IRS with taxpayer and personal identity verification services, Politico... More »

Equifax Has More Bad News About Massive Security Breach

2.5M more Americans may have been affected

(Newser) - Credit report company Equifax is now saying an additional 2.5 million Americans may have been affected by a massive security breach this summer, bringing the total to 145.5 million people, the AP reports. Equifax said the company it hired to do an examination of the breach, Mandiant, has... More »

Equifax Boots CEO It's Had Since 2005 Over Massive Hack

Richard Smith is out

(Newser) - Credit reporting agency Equifax is ousting CEO Richard Smith in an effort to clean up the mess left by a damaging data breach that exposed highly sensitive information about 143 million Americans, per the AP . The shake-up announced Tuesday comes after Equifax disclosed that hackers exploited a software flaw that... More »

Equifax's Latest Headache: a $10 Fake Website

Software engineer worked up a phony to expose company's phishing vulnerabilities

(Newser) - Still reeling from a double data breach and accusations of insider trading , the New York Times now reports that Equifax's latest problem comes via a software engineer who created a phony copy of its website about the data intrusion—which the company then included in a series of tweets.... More »

Equifax's New Thorn: Another Breach Earlier This Year

Intrusion found in March, nearly 5 months before discovery of much-publicized breach

(Newser) - As the feds investigate whether the Equifax breach that exposed data of up to 143 million Americans resulted in insider trading, the company has a new problem. Three sources tell Bloomberg that although Equifax learned of the intrusion in late July, the company knew of another breach as early as... More »

Sources: Equifax Execs Who Sold Shares Now Eyed by Feds

There's reportedly a criminal probe into insider trading suspicions

(Newser) - Right after Equifax discovered it had suffered a huge security breach , three senior executives dumped nearly $2 million in shares —and now the feds are looking to see if there was any criminality involved. Per Bloomberg , sources familiar with the investigation say the Justice Department will be seeking evidence... More »

Equifax Security Chief's Degree Was in Music

She is one of 2 senior execs stepping down

(Newser) - Two senior Equifax execs have stepped down as the investigation of what may be the biggest data breach in US history continues. The credit-reporting firm says security chief Susan Mauldin and chief technology officer David Webb are retiring effective immediately, the New York Times reports. After the leak that exposed... More »

Warren Wants to Stop Equifax From Profiting Off Data Breach

She's introduced the Freedom From Equifax Exploitation Act

(Newser) - Sen. Elizabeth Warren—and 11 other Democratic senators—introduced legislation Friday targeting credit reporting companies in the wake of the Equifax data breach that affected 143 million US consumers, Reuters reports. In short, the Freedom from Equifax Exploitation Act would keep Equifax from profiting off its own data breach, according... More »

Equifax Could Have Fixed Bug Exploited by Hackers. It Didn't

Patch for web application vulnerability was released 2 months before data breach

(Newser) - Remember that massive Equifax data breach that exposed the names, security numbers, and more of 143 million US consumers? It now appears Equifax had "clear and simple instructions" on how to avoid it and more than two months to follow them. The credit reporting company announced Thursday that hackers... More »

Facing Public Wrath, Equifax Ditches Fee

Company says credit freezes will be free until Nov. 21

(Newser) - Equifax has decided not to anger 143 million Americans any further by charging them to protect themselves from its massive data breach . The credit-monitoring company, facing a flood of complaints about its handling of the breach, bowed to public pressure Tuesday and said it would drop fees until Nov. 21... More »

If Firms Can't Protect Data, We Shouldn't Let Them Collect It

Farhad Manjoo writes that Equifax is unlikely to face consequences over breach

(Newser) - The way tech writer Farhad Manjoo of the New York Times sees it, Equifax had "one job"—to protect the mountains of sensitive financial data it has collected on Americans. As news of the recent mammoth breach made clear, the company failed at that one job, and the... More »

Class-Action Lawsuit Seeks Up to $70B From Equifax

Company accused of not doing enough to prevent massive data breach

(Newser) - After exposing the names, Social Security numbers, birth dates, and more of 143 million Americans in a massive data breach , Equifax is now facing a potentially billion-dollar class-action lawsuit. USA Today reports a lawsuit was filed against the credit monitoring company Thursday in Oregon on behalf of customers Mary McHill... More »

Why 'Breathtaking' Equifax Breach May Be Worst One Ever

Amount of 'highly sensitive' data that was exposed may be unprecedented

(Newser) - Almost half of the US population may have been affected by the massive Equifax data breach , with the credit bureau revealing the personal info for as many as 143 million customers may have been exposed. Even as a handful of its top execs face a barrage of criticism for selling... More »

3 Equifax Execs Sold $1.8M in Stock Days After Hack Discovered

Company says they didn't know about intrusion

(Newser) - Days after Equifax discovered a massive security breach affecting 143 million Americans, three senior executives sold off almost $2 million in shares. The company says it discovered the intrusion, which was only made public Thursday, on July 29. Records show that three days later, Chief Financial Officer John Gamble; Joseph... More »

Social Security Numbers of 143M Exposed in Equifax Hack

Also names, addresses, birth dates, and more

(Newser) - The Social Security numbers and birth dates of up to 143 million US consumers were stolen from Equifax in what appears to be one of the largest data breaches in history, Bloomberg reports. According to the Los Angeles Times , Equifax, one of the three major credit reporting firms in the... More »

Guy Named 'God' Finally Settles Lawsuit

Equifax had refused to acknowledge God Gazarov

(Newser) - A New York City man whose first name is God has settled a lawsuit with a credit reporting agency that had refused to recognize his name as legitimate. Under the agreement reached in Brooklyn federal court this week, Equifax will enter God Gazarov's name into its database. The terms... More »

Medical Debt Gets a Break in Credit-Report Overhaul

Big 3 agencies agree to revamp system to better address errors, medical bills

(Newser) - Good news for consumers who've had to play the waiting game to pay off medical debt: The three largest credit-reporting agencies in the US are working together to overhaul their systems to take better care of customer issues and the way medical debt is handled, Reuters reports. In a... More »

Study: 1 in 5 Had Error in Their Credit Reports

But few of the errors would change prices consumers pay

(Newser) - One in five consumers had an error in a credit report issued by a major agency, according to a government study released today. The Federal Trade Commission study also said that 5% of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto... More »

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