After a slew of high-profile data breaches this year, the U.S. Securities and Exchange Commission (SEC) is planning to update how companies are required to report cybersecurity incidents.
Credit reporting agency Equifax (NYSE:EFX) said the massive earnings breach the company suffered this year will negatively affect its revenue growth moving forward, causing shares to drop during the trading session on Friday.
Marissa Mayer, former CEO of Yahoo! and Richard Smith, former CEO of Equifax, are on the hot seat again.
Credit ratings agency Equifax (NYSE:EFX), which was breached in a massive hack earlier this year, said on Friday that a special committee found the executives who sold millions of dollars in stock after the breach were not guilty of insider trading.
Equifax Inc said on Friday that none of the four executives who sold their shares before details of a data breach were disclosed publicly had knowledge of the incident when their trades were made.
The House Financial Services committee on Wednesday held an additional hearing on the Equifax (NYSE:EFX) data breach, which affected the personal information of more than 145 million Americans, but not one representative from any of the three major credit reporting bureaus accepted the invitation to appear before lawmakers.
The Government Accountability Office (GAO) released the full text of its decision to deny Equifax’s (NYSE:EFX) appeal to preserve its $7.25 million anti-fraud prevention contract with the IRS, rejecting the credit reporting agency’s technical challenge against rival Experian.
The IRS has suspended a $7.25 million contract with the credit reporting company Equifax after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach.
During a third-quarter earnings call for JPMorgan Chase & Co. (NYSE:JPM), CFO Marianne Lake noted that the bank was “not seeing a significant impact” from the Equifax (NYSE:EFX) security breach.
A new report released Wednesday suggests only 61 million adults checked their credit in the first two weeks after Equifax's security breach was reported.
Equifax CEO Richard Smith abruptly retired Tuesday following a massive data breach that potentially impacts 143 million Americans.
Nearly half of all Americans (around 143 million) are scrambling to keep their credit safe with fraud alerts and credit freezes after a security breach at Equifax (NYSE:EFX) exposed their personal data to potential hackers earlier this month.
The blows keep coming for Equifax as shares continue to tumble and the Federal Trade Commission announced plans to open an investigation into the credit reporting company Thursday after the company went public with its massive security breach last week, putting 143 million American’s personal data at risk.
The Equifax hack, which likely affected all U.S. adults, is uniquely damaging to victims and, consequently, very valuable for thieves on the black market.
As the number of complaints continue to rise following credit reporting agency Equifax’s massive hack last week, the scale and scope of the breach is troubling cybersecurity experts who warn nearly every adult in the United States could have been affected.
Credit reporting firm Equifax Inc caused quite a panic Thursday when it announced that the personal data of approximately 143 million Americans — almost half of the U.S. population — may have been compromised by hackers.
In the wake of a data breach that compromised the information of 143 million individuals, consumer credit reporting agency Equifax now faces a proposed class-action lawsuit that one firm says could be the largest in U.S. history.