Equifax doxed virtually every adult in America as well as millions of people in other countries like the UK and Canada. The breach was caused by an acquisition spree in which the company bought smaller competitors faster than it could absorb them, followed by negligence in both monitoring and responses to early warnings. Execs who learned of the breach used it as an opportunity to engage in insider trading, while failing to take action to alert the public. Equifax nonconsensually gathers dossiers on everyone it can, seeking the most sensitive and potentially damaging information to record. The company was founded as part of a corporate spy-ring employed to root out and identify political dissidents and sexual minorities. Read the rest
A new bill from Senator Elizabeth Warren proposes personal, criminal liability for top executives of companies turning over more than $1B/year when those companies experience data breaches and scams due to negligence (many of the recent high-profile breaches would qualify, including the Equifax giga-breach, as well as many of Wells Fargo's string of scams and scandals). Read the rest
Virtually everyone who's ever had the credit-rating system explained to them immediately understood that this was a complete scam: these companies that most of us have never heard of nonconsensually ingest gigantic mountains of data about you and your life and produce a numeric score that is nearly impossible to explain and extremely frustrating to alter, and that number is used to determine your access to work, rental accommodations, loans, mortgages and more. Read the rest
An internet engineer at Equifax who coded parts of a breach portal for the credit agency has been sentenced to 8 months of house arrest for insider trading. He was convicted of using insider information about the Equifax breach to make more than $75,000. Read the rest
Last year Equifax sheepishly admitted that it had breached hundreds of millions of Americans', Britons' and Canadians' private financial data and then suppressed the news (subsequent months revealed that the company had suffered multiple breaches, so many it didn't know what it had lost and wasn't looking very hard). Read the rest
If you've had your identity stolen or if you're worried about having been doxxed by Equifax, you can freeze your credit record, and then Equifax, Experian, Trans Union and Innovis will block any requests to access your credit report. Read the rest
Jun Ying was serving as CIO of Equifax when he avoided more than $117,000 in losses by exercising and liquidating all of his stock options before the public was notified of the company's catastrophic breach -- but after he had figured out what was going on. Read the rest
Equifax, a company that specializes in disseminating unsecured user information, upped its game. Despite having already loosed the personal data of around 143 million people into the wild, Equifax still felt that they could do better. After much effort, they've managed to pinch off the data of 2.4 million more people for identity fraud aficionados to leverage. What an amazing achievement!
According to Reuters, despite their zest for massive security breaches, the company has framed its latest efforts with a good deal of humility:
The company said the latest batch of consumers affected had their names and driver’s license information stolen, but noted less information was taken because it did not include home addresses, driver’s license states, dates of issuances, or expiration dates.
Oh, you should know that the company sometimes dabbles in providing credit score information, too. In a statement to the media, Equifax promised that they'll be reaching out to their newly affected millions to inform them of the breach as soon as possible.
A leaked set of disclosures made by Equifax to the US Senate have revealed that the breach of 145.5 million Americans' sensitive financial data was even worse than suspected to date: in addition to data like full legal names, dates of birth, Social Security Numbers, and home addresses, it appears that Equifax also breached drivers' license numbers and issue-dates. Read the rest
Following reports this week that Mick Mulvaney, Trump's new chief of the Consumer Finance Protection Board had stopped all activity related to probing the Equifax breach in which the sensitive financial data of virtually every adult American was stolen, 32 Democratic senators have written to Mulvaney demanding that he account for himself. Read the rest
Mick Mulvaney, the former loan-shark lobbyist who killed plans to regulate payday lenders after being appointed chief of the Consumer Finance Protection Board, has effective abandoned the agency's efforts to punish Equifax for leaking the sensitive personal and financial information of at least 145,500,000 Americans. Read the rest
The Data Security and Breach Notification Act (S2179) was introduced by three Senate Commerce Committee Democrats, Bill Nelson [D-FL], Richard Blumenthal [D-CT] and Tammy Baldwin [D-WI] in the wake of the revelation that Uber hid a breach involving 50,000,000 riders and 7,000,000 drivers for over a year after paying hush-money to the criminals who stole the data. Read the rest