That's according to this month's shareholder filings; the company estimates the total bill at $166 million more, plus class action damages.
Equifax's nation-destroying data-breach was subsequently revealed to be just the latest in a series of unbelievably careless IT blunders, and it eventually cost the company CEO his job; now his replacement has told Congress that he's not really sure if the company has finally started encrypting the detailed, compromising, sensitive data they nonconsensually harvest from every person in the USA.
Katie Van Fleet has suffered 15 identity thefts since the Equifax breach and she believes the criminals who've targeted her are using information from the breach to open credit cards in her name; she's started a class-action suit against Equifax.
An anonymous security researcher has shown Motherboard evidence that they warned Equifax in December 2016, six months before its catastrophic breach, disclosing numerous elementary deficiencies in Equifax security that left all of its data vulnerable to being stolen.
Senators Bob Corker, Jeff Flake and John McCain talk a big game about not letting the GOP be the handmaiden of trumpist corruption, but when the chips were down last night, they voted with their party and a tie-breaking vote from Vice President Handmaid's Tale to pass legislation that lets financial institutions take away your right to sue them when they defraud you.
IRS Commissioner John Koskinen said that he didn't expect the risk of fraud to go up this tax-filing season despite the world-beating Equifax breach of 145,000,000 Americans' sensitive personal and financial data because a "significant" number of Equifax's breaches had already been exposed by earlier breaches of other databases.
Weeks after Equifax announced its worst-in-world-history breach, the IRS awarded the company a $7.5 million no-bid contract to prevent fraud.
On Wednesday, security researcher Randy Abrams visited the Equifax site to contest bad information in his credit report and was attacked by malicious software that tried to get him to download a fake Flash updater that was a vector for an obscure piece of malware called Adware.Eorezo.
Oh, Equifax: "Equifax says that for approximately 14.5 million of the 15.2 million affected, the stolen records contained only a small amount of information, limited to name and dates of birth."
Equifax division TALX has a product called The Work Number, where prospective employers can verify job applicants' work history and previous salaries (it's also used by mortgage lenders and others): you can create an account on this system in anyone's name, provided you have their date of birth and Social Security Number. — Read the rest
On September 29, weeks after Equifax admitted to having lost the most sensitive financial and personal information of 143,000,000 Americans (but a week before Equifax admitted that the total was actually 145,500,000) (and counting), the IRS awarded the company a no-bid contract for $7,250,000 to verify taxpayer identities and curtail fraud.
Consumer rights advocacy group Public Citizen's Amanda Werner, dressed as Rich Uncle Pennybags from the Monopoly game, sat behind former Equifax CEO Richard Smith this morning during his testimony to the Senate Banking Committee about the company's breach of 45,500,000 Americans' private data . — Read the rest
Former Equifax CEO Richard Smith — who retired with $90m for his year's work after overseeing a breach of 145,500,000 Americans' most sensitive date — testified before Congress yesterday and explained the cause of the breach: "The human error was that the individual who's responsible for communicating in the organization to apply the patch, did not."
Turns out that the total number of people whose lives Equifax ruined by doxing them and then dumping all their most sensitive personal and financial data is 145,500,000, not 143,000,000. The company's new CEO apologized for the misunderstanding, and persisted in calling the people his company destroyed "customers" despite the fact that the vast majority of them were not Equifax customers, just random people whom Equifax compiled massive dossiers on, and then lost control over.
Long after Equifax was breached by hackers, but before they told anyone else about it, some of its top execs sold off millions of dollars in stock, getting out before the stock tanked which would be blatantly illegal if the execs in question knew that the company had been breached.
Equifax sources say that the massive breach of 140,000,000 Americans' personal information was the result of state-sponsored hackers, likely from China, but attribution is hard and inexact.
Equifax CEO Richard Smith announced his voluntary retirement yesterday, two months after the catastrophic breach that permanently leaked 140,000,000 Americans' most compromising financial data.
Wells Fargo analyst William Warmington Jr has upgraded shares in Equifax to "outperform," predicting that the company will bounce back from the 30% haircut its market cap took when it was revealed that the firm committed the worst commercial data-crime in world history and then twiddled its thumbs for a couple of months before telling anyone and then allowing its CEO to resign.
The board of directors thanked Richard Smith "for his 12 years of leadership" as Smith showed himself the door while he reminded the 140,000,000 Americans whose lives he'd destroyed through insanely lax security and months of shambolic inaction that "I have been completely dedicated to making this right."