Equifax Ltd has been fined £11 million by Britain’s financial watchdog for a severe cybersecurity breach in 2017.
Financial services giant Intuit this week informed 1.4 million small businesses using its QuickBooks Online Payroll and Intuit Online Payroll products that their payroll information will be shared with big-three consumer credit bureau Equifax starting later this year unless customers opt out by the end of this month.
Equifax has agreed to a proposed class action settlement with financial institutions over its 2017 data breach that affected roughly 147 million people in the U.S. The company will pay up to $5.5 million for class members and commit to spending at least $25 million on data security measures over a two-year period under the […]
North West based data breach and cybersecurity specialist Hayes Connor Solicitors is the first in the UK to serve a representative data breach claim in the High Court. The action could see Equifax ordered to pay up to £100 million in compensation to its estimated 15 million UK customers affected by its 2017 data breach. […]
On July 22, 2019, the Federal Trade Commission announced that Equifax Inc. agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement agreement with the FTC, the Consumer Financial Protection Bureau, and 50 U.S. states and territories to resolve investigations into the colossal data breach the […]
Data law regulators in Europe have been called upon to look into a potential data breach case, with brokers, credit ratings agencies and adtech firms falling under suspicion of not playing by new rules. Complaints were filed to regulators last week by a campaign group named Privacy International, regarding possible transgressions committed by the data […]
Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history. The projection, which was disclosed on a Friday morning earnings conference call, is on top […]
Equifax disclosed earlier on Thursday that it had discovered an additional 2.4 million U.S. consumers were affected by the cyber attack, bringing the total number of people whose data was compromised to more than 147 million. The newly identified victims had their names and partial driver’s license information stolen, though hackers did not obtain their […]
The credit rating agency said it didn’t originally announce “potential” data points, like tax identification numbers, that “may have been accessed” by hackers. Source: Equifax says more private data was stolen in 2017 breach than first revealed | ZDNet
After lots of huffing and puffing for the cameras in the wake of the Equifax breach, Republican lawmakers have blocked all legislation aimed at improving privacy protections or holding companies more accountable for the loss of people’s info. Source: Months after Equifax data breach, we’re still no closer to privacy protections – LA Times