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IRS Pulls Equifax Contract In “Precautionary Step”

And the hits just keep on coming… Until today's headlines indicating the possibility of another breach of Equifax's security, dip-buyers had been enjoying a few days' relief as analysts clammored to explain how one of the biggest cyberhacks of all time did nothing to hinder Equifax's business model. Tonight, they might just start questioning that […]


Equifax Web-Page Goes Offline Amid Reports Of New Breach

Equifax has taken one of its web pages offline as its security team looks into reports of another potential cyber breach, the credit reporting company, which recently disclosed a hack that compromised the sensitive information of 145.5 million people, said on Thursday. "We are aware of the situation identified on the equifax.com website in the […]


This Isn’t A Joke! The IRS Just Hired Equifax To Safeguard Taxpayer Data

Just hours after Equifax CEO Rick Smith wrapped up his testimony before the House Energy and Commerce committee – the first in a series of Congressional “fact-finding missions” about the hack – Politico reported that the IRS last week awarded the disgraced credit monitoring bureau with a $7.25 no-bid contract even as the company struggled […]


Watch Live: Former Equifax CEO Faces Congressional “Public Shaming” Over Hack Farce

Former Equifax CEO Richard Smith (now retired) can expect a serious grilling this morning as he faces a congressional hearing into the utter farce surrounding the company's gross mishandling (and potential insider trading) of a cyber-security breach which has left almost 150 million people at risk. As The Washington Post reports, some lawmakers plan to […]


Peak Irony: Equifax Is (Finally) Hiring A “Fraud Monitoring Leader”

Overnight, one day after the now former CEO of Equifax, Richard Smith, announced his “retirement” from the humiliated, and hacked company, but not before collecting an exit bonus as much as $90 million, his replacement, interim CEO Paulino do Rego Barros Jr. penned another apology, this time in the WSJ: On behalf of Equifax , […]


Equifax CEO’s Parting Gift: An $18 Million Bonus

With Equifax shares having plunged by a third since the company announced a historic corporate cyber-breach, which released the personal records of over 143 million Americans to still unknown hackers, losing some $5 billion in market cap, today the company’s CEO was the latest rat to leave the sinking ship, a move which failed to […]


Equifax Chairman, CEO Richard Smith Retiring Effective Immediately

Less than two weeks after the top security individuals at Equifax “retired” after what may have been the biggest hack in U.S. corporate history, moments ago the company announced that the exodus from the sinking ship continued when company Chairman and CEO, Richard Smith, has also “retired” effective immediately. As such, it remains unclear if […]


Equifax Accidentally Directs 200,000 Customers To Fake Phishing Website

And the hits just keep coming for Equifax, the once-trusted credit-monitoring firm that has been embroiled in one of the biggest corporate public-relations disasters in recent memory since disclosing that hackers had penetrated its cyber security defenses and absconded with sensitive personal and financial data belonging to 143 million Americans. Because of the types of […]


Justice Department Begins Criminal Probe Into Equifax Executive Stock Sales

The U.S. Justice Department has opened a criminal investigation into whether top officials at Equifax violated insider trading laws when they sold stock before the company disclosed that it had been hacked, according to people familiar with the investigation. Equifax disclosed earlier this month that it discovered a security breach on July 29. The three executives sold […]


Muddy Waters’ Carson Block Sues Equifax For $500,000

Disgraced credit-monitoring company Equifax, which has seen its stock drop by nearly 40% since disclosing what will likely be remembered as one of the most damaging data breaches in US history, eliciting dozens of class-action lawsuits, calls for investigations by at least one state attorney general, and requests from multiple Congressional committees for more information […]


Here’s What Your Identity Sells For On The Dark Web

Millions of Americans who trusted Equifax with sensitive personal and financial data, including social security numbers and credit-card information, are now nervously wondering whether they will be among the unlucky minority of affected customers whose identities are successfully “repurposed” by online criminal groups. One researcher from security firm SecureWorks shared some details about today’s burgeoning […]


Equifax Hack Slams Already-Struggling Store-Branded Credit-Card Lenders

Equifax’s disclosure that hackers had absconded with the personal data of 143 million Americans after exploiting a vulnerability in the company’s cyber defenses that was largely the result of negligence has sent its shares spiraling 37% lower. And now, Bloomberg is warning that the shares of certain troubled lenders – which have already largely underperformed […]


Another Coverup? Equifax Accused Of Scrubbing That Its Chief Security Officer Was A Music Major

Update: And… she’s gone: EQUIFAX SAYS CIO AND CHIEF SECURITY OFFICER ARE RETIRING * * * One week after what may be the biggest security leak in US history, when Equifax belatedly admitted that hackers had made off with over 143 million private data profiles, sending the company’s stock 37% lower in the past week… […]


Equifax Bonds Crash As FTC Confirms Investigation Into Massive Hack

While not entirely surprising given the demands from politicians, The Hill reports that The Federal Trade Commission on Thursday announced that it had launched an investigation into the Equifax breach that left sensitive information for 143 million Americans exposed to hackers. “The FTC typically does not comment on ongoing investigations,” FTC spokesman Peter Kaplan said […]


Massachusetts Kicks Off State Lawsuits Against Equifax Over Massive Data Breach

Content originally published at iBankCoin.com Consumer credit reporting agency Equifax has already been hit with over 30 lawsuits over what may be the largest breach of sensitive information in U.S. history – at least 23 of which are class-action filings, and all of them representing individuals. On Tuesday, Massachusetts AG Maura Healey – a Democrat who in […]