Collaborate Disseminate
Equifax has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories, which alleged th… Continue reading What you should know about the Equifax data breach settlement
Equifax has agreed to pay up to $700 million in a FTC settlement following its 2017 data breach.
Continue reading 700 million reasons for Equifax to remember to patch its vulnerable IT systems in future
Equifax will dish out as much as $700 million on the heels of its infamous 2017 data breach that impacted 150 million customers. Continue reading Equifax to Pay $700 Million in 2017 Data Breach Settlement
Credit monitoring firm Equifax has agreed to pay up to $700 million to settle investigations from U.S. regulators and state attorneys stemming from the 2017 data breach that compromised personal information about 147 million people. The penalty includes payments of $425 million to affected customers, $100 million in payments to 48 states, the District of Columbia and Puerto Rico, and also pay $100 million to resolve a federal investigation from the U.S. Consumer Financial Protection Bureau, which examined the company in cooperation with the Federal Trade Commission, regulators said Monday. The deal is the largest settlement resulting from a data breach in U.S. history. It comes nearly two years after Equifax revealed hackers had accessed U.S. citizens’ Social Security numbers, credit data, addresses, birth dates and some driver’s license numbers because of flaws in the company’s technology. Attorneys are scheduled to propose the deal to a court in Atlanta on […]
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Continue reading Equifax expected to settle breach investigations for $700 million
So, just what was Equifax doing during those 40 days between discovering it had been hacked and sharing the bad news with the world?
Well, now we know. Or at least what Jun Ying, the CIO of Equifax US Information Solutions, was doing.
Continue reading Ex-Equifax CIO, who knew about huge data breach, jailed for insider trading
May 2019 was the busiest month of the year for critical security vulnerabilities and patch announcements. The standout was a Microsoft critical security update for Windows, rated with a CVSS score of 9.8 of 10. This vulnerability fixes CVE-20… Continue reading Cyber Security Roundup for May 2019
This is your Shared Security Weekly Blaze for May 27th 2019 with your host, Tom Eston. In this week’s episode: Investment firm Moody’s downgrades Equifax, Huawei’s US technology ban, and how Google is tracking all your purchases. Prot… Continue reading Equifax Downgraded, Huawei Ban, Google is Tracking Your Purchases
The Equifax data breach that compromised information on more than 147.9 million people continues to affect the company’s business prospects nearly two years after the incident was publicly announced. Financial ratings service Moody’s has downgraded its rating for Equifax from “stable” to “negative,” citing a high level of cybersecurity expenses and ongoing litigation following the massive 2017 security incident. This downgrade, announced Wednesday, marks the first time cybersecurity has been named as a factor in an outlook change, a Moody’s spokesman told CNBC. Breach litigation and related investigations cost Equifax $690 million in the first quarter this year, according to the report. Analysts predicted the credit-ratings firm will spend an additional $400 million on cybersecurity expenses and capital investments in both 2019 and 2020 before that rate declines to roughly $250 million in 2021. “The heightened emphasis on cybersecurity for all data-oriented companies, which is especially acute for Equifax, leads us […]
The post Equifax is spending a ton of money on cybersecurity. Wall Street analysts don’t like it. appeared first on CyberScoop.
By Uzair Amir
The company claims it does not share user data with others but looks like it does. Another day, another data breach; this time an unprotected database has been discovered leaking personal and financial data of millions of Canadians. Ident… Continue reading Freedom Mobile leaked millions of card data with CVV codes in plain text
A US Senate report on an investigation into the monumental Equifax breach chastises the company for lax security, and proposes heading off similar incidents in the future – by making American companies punishable by law for mishandling personally… Continue reading Equifax breach leads U.S. Senate to propose America draft its own GDPR