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Equifax Says Cybersecurity Breach Has Cost $1.4 Billion | 90.1 FM WABE
Equifax, the Atlanta credit bureau, revealed in its earnings release Friday that dealing with its 2017 cybersecurity incident has cost about $1.4 billion plus legal fees. A year and a half ago, the company, which gathers consumers’ credit histories, revealed a massive security breach compromised the personal information of about 150 million people. via Equifax […]
Equifax expecting punishment from CFPB and FTC over massive data breach | HousingWire
Equifax is expecting various forms of punishment from the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers. The company revealed the expected sanctions in a recent filing with the Securities and Exchange Commission. via […]
Equifax Data Breach Crisis Vet Joins FTI – Mon., Feb. 25, 2019
Meredith Griffanti, who was strategy & communications leader for the office of transformation at Equifax, has joined FTI Consulting in Washington as managing director in its crisis & issues management practice. via Equifax Data Breach Crisis Vet Joins FTI – Mon., Feb. 25, 2019.
Equifax mystery: Where is the data?
But as the investigations continue, a consensus is starting to emerge to explain why the data has disappeared from sight. Most experts familiar with the case now believe that the thieves were working for a foreign government and are using the information not for financial gain, but to try to identify and recruit spies. via […]
Equifax’s massive 2017 data breach keeps getting worse – The Washington Post
Equifax said Thursday that 2.4 million more consumers than previously reported were affected by the massive data breach the company suffered last year, adding to an already stunning toll. This means that as many as 147.9 million consumers have been affected in some way by the breach, which amounts to about half the country. via Equifax’s massive 2017 […]
6 Lawyer Teams Vie for Leadership Posts in Equifax Data Breach | Daily Report
At least six teams of lawyers are competing for the top leadership posts in the lawsuits brought over Equifax Inc.’s massive data breach. Four proposed slates, ranging from seven to 12 lawyers, have filed motions to lead the class actions filed by consumers. Equifax revealed last year that more than 145 million of its customers […]
Equifax Says It Will Hand Over NY Data Breach Info | New York Law Journal
Credit reporting company Equifax said Friday that it will comply with New York regulators who are seeking information on the 2017 data breach that compromised personal information of 145.5 million Americans, including more than 8 million New Yorkers. A spokeswoman for Atlanta-based Equifax said the company would submit information demanded by Secretary of State Rossana […]
Equifax data breach results in 27% drop in third-quarter income
Credit-monitoring firm Equifax, which was hit by a cyber attack caused by lax online security that enabled hackers to steal personal data from roughly 145 million customers and resulted in widespread damage to its image, reported that costs related to the hack totaled $87.5 million in the third quarter. via Equifax data breach results in 27% drop in third-quarter income
What Cybersecurity Standard Will a Judge Use in Equifax Breach Suits? – Lawfare
It is fair to argue that in many, if not all, of the recent large-scale cases in the news, the companies made basic errors and clearly did not exhibit a standard of care. But surely we cannot stop at Justice Potter Stewart’s “I know it when I see it” test. That is not replicable or […]
Mass. AG Healey Suing Equifax After Data Breach « CBS Boston
Massachusetts Attorney General Maura Healey’s office announced Tuesday that it is suing credit reporting firm Equifax over the data breach that left millions of their customers’ personal information vulnerable. The data breach exposed the information of about 143 million Americans from May to July–nearly three million of them from Massachusetts. via Mass. AG Healey Suing Equifax […]
Two senior staff at Equifax to retire following data breach – Press Association
The chief information officer and chief security officer of Equifax are retiring, the firm has announced. It comes after the US credit monitoring company said that about 400,000 people in the UK may have had their information stolen following a cyber security breach. via Two senior staff at Equifax to retire following data breach – Press […]
Here’s what went wrong for Equifax in those first 48 hours—commentary
Equifax, though, seems to have made its own situation worse, spawning headlines such as “Equifax breach response turns dumpster fire.” And that’s where the most salient lesson for modern companies lies: Equifax learned the hard way that, in a data breach, there are always two potential scandals: the breach itself, and then the company’s response. […]
Equifax: A Category 5 Cybersecurity Crisis Storm. Chances Are It Will Hit You — Forbes
From a tepid apology from CEO Richard Smith — totally incommensurate with the size of the crisis: “This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do. I apologize to consumers and our business customers for the concern and frustration this […]
Equifax data breach could impact 143 million US consumers | WGN Radio – 720 AM
Credit reporting firm Equifax announced on Thursday nearly half of the US population could be impacted by a data breach incident that happened earlier this year. The information obtained in the breach includes names, social security numbers, birth dates, address, and some driver’s license numbers. Equifax said 143 million consumers could be impacted. According to census.gov, the […]