Items Tagged with 'Equifax'

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  • Equifax names new chief information security officer

    Jamil Farschi to oversee information security for credit agency
    Equifax has hired Jamil Farschi as the credit agency's new chief information security officer. Farschi is tasked with revamping Equifax's information security program following its massive 2017 data breach that saw the information of 145 million consumers exposed to hackers.
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  • Monday Morning Cup of Coffee: Equifax breach might have been worse than anyone thought

    And CFPB taking a back seat on enforcement
    A new revelation shows Equifax’s data breach, which occurred last year and affected about 145.5 million consumers, may have been worse than anyone thought. And CFPB Acting Director Mick Mulvaney announced the agency is enforcing the law but not being aggressive under his leadership.
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  • Treasury Sec. Mnuchin wants answers on Equifax investigation

    Treasury secretary says he will talk to Mulvaney
    In between questions about Russian sanctions and the stock market, U.S. Treasury Secretary Steven Mnuchin told the House Financial Services Committee on Tuesday he is interested in how the Consumer Financial Protection Bureau and its acting director, Mick Mulvaney, is handling the investigation into the data breach at credit agency Equifax.
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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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  • 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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  • Monday Morning Cup of Coffee: Is Equifax using “creative” accounting to justify executive bonuses?

    Wipes away breach costs in recent earnings statement
    Is Equifax playing some accounting games to try to make its business look better in the aftermath of the massive data breach? Some people seem to think so. Plus, is one of the mortgage business' top startups backed by Russia's biggest bank? All that, and more, in your Monday Morning Cup of Coffee.
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  • How bad is it for Equifax? Company reveals full fallout from data breach

    How much has it cost? Plus what else is credit reporting agency facing
    It’s been just over two months since Equifax disclosed that it had been the victim of a “cybersecurity incident” that exposed the personal information of 145.5 million U.S. consumers. Since then, the fallout from the data breach has been extensive, to say the least. But now, for the first time, the company is detailing the full fallout from the breach - and it's more than extensive.
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  • Equifax clears execs in data breach insider trading probe

    Company says execs did not know about breach when they sold company stock
    Four Equifax executives were not aware of the massive data breach at the credit reporting agency when they sold off more than $1.5 million in company stock before the breach became public knowledge, the company said Friday. Here's the timeline.
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