Articles about equifax

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Ex-Equifax exec charged with insider trading after bagging 1 MEEELLION dollars in stock sale

A former Equifax exec was today charged with insider trading for offloading almost $1m of shares before the company went public about the scandalous mass data breach. The global credit reporting agency was hacked in May '17, which exposed the personal data of 148 million people. The firm discovered the breach at the end of …
Rebecca Hill, 14 Mar 2018
Data breach

Equifax peeks under couch, finds 2.4 million more folk hit by breach

Embattled credit-reporting company Equifax has done some data crunching and discovered another 2.4 million people that had their information slurped by hackers. The biz, which was subject to one of the biggest data breaches in US history last May, has already had to revise up the number of affected individuals. The total …
Rebecca Hill, 1 Mar 2018
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Equifax hack worse than previously thought: Biz kissed goodbye to card expiry dates, tax IDs etc

Last year, Equifax admitted hackers stole sensitive personal records on 145 million Americans and hundreds of thousands in the UK and Canada. The outfit already said cyber-crooks "primarily" took names, social security numbers, birth dates, home addresses, credit-score dispute forms, and, in some instances, credit card numbers …
Iain Thomson, 13 Feb 2018
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Leaky credit report biz face massive fines if US senators get their way

New legislation introduced in the US Senate by Elizabeth Warren (D-MA) and Mark Warner (D-VA) would result in credit reporting agencies being slapped with stiff fines if they play fast and loose with data security. The Data Breach Prevention and Compensation Act [PDF] would impose a mandatory $100 fine per person affected on …
Iain Thomson, 10 Jan 2018
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Equifax Q3 results: Not as bad as you might have hoped – hack only cost biz about $87m

Equifax's latest financials lay bare the costly fallout from the embarrassing security breach that exposed 143 million customers' privates in the US and 15.2 million records in the UK. Calendar Q3 numbers for the three months ended 30 September - the latter being the same month the company 'fessed up to the mega leak - include …
Richard Priday, 10 Nov 2017

Marissa! Mayer! pulled! out! of! retirement! to! explain! Yahoo! hack! to! Senators!

Poor Marissa Mayer. After selling off Yahoo! and floating away on her golden parachute, she must have been looking for a nice rest. But US Congress wanted her to explain how every single user account on the portal got hacked. On Wednesday, she testified before the Senate Committee on Commerce, Science, and Transportation on …
Iain Thomson, 8 Nov 2017
all clear

Equifax execs sold shares before mega-hack reveal. All above board – Equifax probe

Senior Equifax executives sold their shares in the credit agency just before its stock price plunged when the world was told it had been thoroughly hacked. The US biz has since probed the transactions, and you'll all be extremely pleased to learn of that investigation's conclusion: there was no wrongdoing, nothing untoward, …
Iain Thomson, 3 Nov 2017
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Punctual as ever, Equifax starts snail-mailing affected Brits about mega-breach

UK financial service regulators only learned of this year's Equifax mega-breach through media reports. The admission comes in correspondence from the Financial Conduct Authority (FCA) released by Treasury Committee on Tuesday. A letter from the FCA to Nicky Morgan MP, chair of the Treasury Committee, confirms that the …
John Leyden, 1 Nov 2017

UK financial regulator confirms it is probing Equifax mega-breach

UK financial service regulators have launched an investigation into Equifax over its handling of the recent mega-breach. In a brief statement on Tuesday, the Financial Conduct Authority (FCA), which could fine the firm or revoke its right to operate in the UK, said it was "investigating the circumstances surrounding a …
John Leyden, 24 Oct 2017

IRS tax bods tell Americans to chill out about Equifax

The United States Internal Revenue Service has said that citizens affected by the Equifax breach need not panic, because it probably didn't reveal anything that hasn't already been stolen and the agency has tooled up to deal with fraudulent tax claims. Commissioner John Koskinen, discussing whether the breach would interfere …
Angry-looking woman croses her arms and glares. Pic by Shutterstock

Boring Barracuda says sales are going swimmingly – again

It's getting predictable. Barracuda has posted yet another year-on-year revenue rise with yet another small profit. Boring is good, though, right? For the three months to August 31 this year, its second fiscal 2018 quarter, the California-based outfit recorded revenues of $94.3m, up seven per cent from last years's $87.9mn and …
Chris Mellor, 13 Oct 2017

UK Treasury Committee chairman calls on Equifax to answer for breach omnishambles

Equifax may soon face the wrath of UK politicians after the chairman of the country's House of Commons Treasury Committee demanded answers from the firm over its handling of its recent data breach. Nicky Morgan MP has written to the chief executive of Equifax Limited asking for further details about the scale of the breach, …
John Leyden, 12 Oct 2017

Equifax: About those 400,000 UK records we lost? It's now 15.2M. Yes, M for MEELLLION

Updated Last month, US credit score agency Equifax admitted the personal data for just under 400,000 UK accounts was slurped by hackers raiding its database. On Tuesday this week, it upped that number ever-so-slightly to 15.2 million. In true buck-passing fashion, at the time of writing, Equifax hadn't even released a public statement …
Iain Thomson, 10 Oct 2017
Fake moustache disguise

Sole Equifax security worker at fault for failed patch, says former CEO

Recently-and-forcibly-retired Equifax CEO Rick Smith has laid the blame for his credit-check biz's IT security breach on a single member of the company's security team. In testimony on Tuesday before a US House subcommittee on consumer protection, Smith explained that Equifax has a protocol whereby news of important software …

White House plan to nuke social security numbers is backed by Equifax's ex-top boss

White House cybersecurity coordinator Rob Joyce has won the backing of Equifax's ex-CEO for a plan to stop using social security numbers as personal identifiers in the US. We have no idea of Joyce's opinion of the endorsement, but what we do know is that he floated the notion in a speech given to a Washington Post-sponsored …

Nothing matters any more... Now hapless Equifax bags $7.5m IT contract with US taxmen

Shortly after we all learned of a massive security breach at Equifax in which the personal information of 143 million 145.5 million Americans and sundry Brits and Canadians was plundered by hackers, the US Internal Revenue Service awarded Equifax a no-bid contract – to provide identity verification services for the tax authority …
Iain Thomson, 3 Oct 2017
Epic Fail

Equifax couldn't find or patch vulnerable Struts implementations

Equifax was just as much of a trash-fire as it looked: the company saw the Apache Struts 2 vulnerability warning, failed to patch its systems, and held back a public announcement for weeks for fear of “copycat” attacks. Those Infosec for Absolute Dummies tips were made official by ex-CEO Richard Smith, by way of evidence …

Oracle corrals and patches Struts 2 vulnerabilities

Oracle has stepped outside its usual quarterly security fix cycle to address the latest Apache Struts 2 vulnerability. Ever since it emerged at the start of September, CVE-2017-9805 has been (in the words of a former Australian prime minister) “a shiver looking for a spine to crawl up”, because so many vendors use Apache to …

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