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An Equifax internal audit in 2015 showed that there was a large backlog of vulnerabilities to patch, that Equifax was not following its own timescales on patching them, that IT staff did not have a comprehensive asset inventory, that Equifax did not consider how critical an IT asset was when prioritising patches, and that the patching process worked on an 'Honour system'.
The breach led to a record settlement with the FTC, a dramatic downgrade in Equifax’s own credit rating, and close to $3 billion in expenses for the company as it restructured both its C-suite ...
Equifax added that the payments will be going to current members of the settlement class and no new claims can be filed after the Jan. 22, 2024 deadline. The Equifax data breach.
Equifax said criminals had accessed details including names, social security numbers, and, in some cases, driver's license numbers.
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The 2017 breach was one of the largest affecting people's private information. Equifax to pay up to $700 million in breach settlement [Video] Skip to main content
[1] [2] He served as the chairman and CEO of Equifax from 2005 to 2017, when he retired in the wake of the data breach of approximately 145.5 million customers. [2] [3] Because Smith retired instead of getting fired, he is expected to receive $90 million, including performance-based unvested stocks and $18.5 in retirement benefits, according to ...
The Wall Street Journal says Equifax will pay around $700 million to settle with the FTC over a 2017 data breach that exposed some 150 million people's social security numbers and other private ...