Articles about equifax

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Equifax exec's inside trade shame: Software boss sentenced for mega-hack stock profit

An Equifax executive – who knew the biz had been hacked before it was made public and banked over $75,000 in stock trades using this inside knowledge – has avoided jail. Sudhakar Reddy Bonthu, formerly a software product development manager for Equifax’s Global Consumer Services team, admitted to learning that hackers have …
Iain Thomson, 18 Oct 2018
equifax

Oi, you. Equifax. Cough up half a million quid for fumbling 15 million Brits' personal info to hackers

Updated The UK's privacy watchdog wants to fine Equifax £500,000 ($660,000) after hackers siphoned off 15 million Brits' info from the credit-score agency's databases. Or in other words, three pence for each of the affected British citizens. The fine could have been much larger had it fallen under Europe's GDPR. However, the security …
Chris Williams, 20 Sep 2018
Speed

Generally Disclosing Pretty Rapidly: GDPR strapped a jet engine on hacked British Airways

Analysis If Equifax's mother-of-all-security-disasters last year underlined one thing, it was that big companies think they can weather just about anything cybercriminals – and regulators – can throw at them. One unpatched web server, 147 million mostly US customer records swiped, and a political beating that should pulverise a company …
John E Dunn, 12 Sep 2018
hole

Apache's latest SNAFU – Struts normal, all fscked up: Web app framework needs urgent patching

Another critical security hole has been found in Apache Struts 2, requiring an immediate update. The vulnerability – CVE-2018-11776 – affects core code and allows miscreants to pull off remote code execution against vulnerable servers and websites. It affects all versions of Struts 2, the popular open-source framework for Java …
Kieren McCarthy, 22 Aug 2018
equifax

Another staffer at mega-hacked Equifax slapped with insider trading rap

A former Equifax software engineering manager was today charged with insider trading – and has promised to pay back his alleged ill-gotten gains. Meanwhile, eight US states decided to let the biz off with just a slapped wrist instead of a fine after it was thoroughly hacked last year. The credit agency's computer security …
Rebecca Hill, 28 Jun 2018
Data breach

Equifax reveals full horror of that monstrous cyber-heist of its servers

Equifax has published yet more details on the personal records and sensitive information stolen by miscreants after they hacked its databases in 2017. The good news: the number of individuals affected by the network intrusion hasn't increased from the 146.6 million Equifax previously announced, but extra types of records …
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Exposing 145m Equifax customer deets: $240m. Legal fees: $28.9m. Insurance: Priceless

The Equifax mega-hack has cost the credit reporting agency well north of $200m to date, according to a financial filing for calendar Q1. In September 2017, Equifax 'fessed up to a breach that exposed the data of more than 145 million people. The cost of the breach in the latest full quarter ended 31 March was $68.7m, taking …
Rebecca Hill, 27 Apr 2018
letters stuffed in a mailbox. Photo by SHutterstock

Eight months after Equifax megahack, some Brits are only just being notified

Some of the 15 million Britons affected by the Equifax mega-hack are only now receiving letters notifying them that they were affected by the breach, eight months after the event. As we reported in September 2017, Equifax confessed to having been hacked, upping the number of affected people in the following weeks to a 145 …
Gareth Corfield, 19 Apr 2018
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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
Mayer

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
Sorry Shutterstock image

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 …

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