Items Tagged with 'Credit reporting agency'

ARTICLES

  • Equifax taps former IBM executive Bryson Koehler to lead technology efforts

    Will serve as chief technology officer
    Equifax is continuing to reshape its leadership in the wake of the massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers. Back in February, Equifax added a new chief information security officer, replacing one of the executives who left after the breach. Now, the company is adding another executive to help move the company forward.
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  • Equifax names new CEO as fallout from data breach continues

    Mark Begor will take over for Paulino do Rego Barros
    Equifax has found who it believes is the right person to lead the company into its next phase as the credit reporting agency continues to deal with the fallout from its massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers. Equifax announced Wednesday that it is naming former GE executive Mark Begor as its next CEO.
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  • Former Equifax executive accused of dumping stock after learning of data breach

    SEC, DOJ charge former CIO Jun Ying with insider trading
    The former chief information officer of Equifax’s U.S. business dumped nearly $1 million in company stock after learning of the massive data breach at the credit reporting agency, but before the breach was disclosed to the public, the Securities and Exchange Commission and Department of Justice said Wednesday.
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  • Equifax reveals 2.4 million more people were victims of data breach

    Additional names and partial driver’s license information stolen by hackers
    Equifax revealed Thursday that an additional 2.4 million people are victims of the company’s 2017 data breach. Initially, the company said the personal information of approximately 143 million people was stolen. Now, it turns out that the number of victims is actually closer to 148 million.
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  • House Democrats push Equifax to provide more protection for data breach victims

    Want Equifax to provide three years of identify theft protection
    In the wake of the massive data breach that exposed the personal information of 145.5 million U.S. consumers to hackers, Equifax offered to provide a number of services to the affected consumers, including one year of identity theft protection. But, in the eyes of all 19 Democrats on the House Committee on Oversight and Government Reform, Equifax is not doing enough to make those consumers whole again.
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  • CFPB reportedly pulling back from Equifax data breach investigation

    Reuters reports that bureau is not aggressively pursuing investigation
    In another signal that Mick Mulvaney’s Consumer Financial Protection Bureau will operate far differently than it did under Richard Cordray, the CFPB is reportedly pulling back from its investigation in the data breach at Equifax, which exposed the personal information of 145.5 million U.S. consumers to hackers.
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  • Top Democrats want credit reporting agencies severely punished for Equifax-style breaches

    Bill would bring stiff financial penalties for data breaches
    Equifax may be facing various legal, regulatory, and financial consequences for the data breach that exposed the personal information of 145.5 million U.S. consumers, but two top Senate Democrats want there to be much stiffer penalties should any credit reporting agency, Equifax included, fail to protect consumer data again.
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  • TransUnion: Mortgage delinquencies will fall to record lows in 2018

    Credit reporting agency provides mortgage forecast for next year
    A recent report from CoreLogic showed that mortgage delinquencies fell this year to the lowest point in more than a decade, but analysts from TransUnion expect mortgage performance to continue improving next year, leading to record lows in mortgage delinquencies.
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  • New York enacts new rules for credit reporting agencies in wake of Equifax breach

    New regulations bring additional consumer protections
    After Equifax revealed that it had been the victim of a data breach that exposed the personal information of 145.5 million U.S. consumers, the state of New York began moving to increase its oversight of credit reporting agencies. But those new rules don’t go far enough, according to New York Gov. Andrew Cuomo. So, Cuomo is immediately enacting new rules for credit reporting agencies that will bring additional consumer protections.
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