Equifax Archives - CFO

Equifax to Acquire Appriss Insights For $1.8B

Equifax to Acquire Appriss Insights For $1.8B

Analytics company Equifax acquirers a data provider to law enforcement, government agencies, and employers.

By Vincent Ryan | August 10, 2021

Attacked by Ransomware, Many Companies Opt to Pay Up

Attacked by Ransomware, Many Companies Opt to Pay Up

The demanded ransom is often a moderate amount that would pale in comparison to the recovery and reputational costs for a company that refuses to pay.

By David McCann | February 14, 2020

Equifax to Pay Up to $700 Million Over 2017 Hack

Equifax to Pay Up to $700 Million Over 2017 Hack

The largest ever data-breach settlement will resolve consumer claims and multiple state and federal investigations.

By Lauren Muskett | July 22, 2019

House Committee Probes Credit Reporting Agencies

Risk & Compliance

House Committee Probes Credit Reporting Agencies

The committee held a hearing amid proposed legislation that would overhaul the industry.

By Lauren Muskett | February 27, 2019

Firms Settle With NY Over App Security Flaw

Firms Settle With NY Over App Security Flaw

New York's attorney general says the companies' apps had a flaw that could have exposed sensitive user data to hackers.

By Matthew Heller | December 17, 2018

Equifax Hack ‘Entirely Preventable,’ Report Says

Equifax Hack ‘Entirely Preventable,’ Report Says

A congressional committee concludes cybersecurity complacency at Equifax led to one of the largest data breaches in corporate history.

By Matthew Heller | December 11, 2018

Equifax Buys Specialty Reporting Agency DataX

Equifax Buys Specialty Reporting Agency DataX

The acquisition will help underbanked consumers gain access to credit and capital, Equifax says.

By Matthew Heller | July 16, 2018

Equifax Agrees to Fixes to Prevent Another Hack

Equifax Agrees to Fixes to Prevent Another Hack

A consent order with eight states addresses the software patch management failures that led to the massive data breach in May 2017.

By Matthew Heller | June 28, 2018

ISS Urges ‘No’ Vote on Five Equifax Directors

Risk Management

ISS Urges ‘No’ Vote on Five Equifax Directors

The proxy adviser says members of Equifax's technology committee should be held responsible for may be the most costly data breach in corporate history.

By Matthew Heller | April 16, 2018

Equifax Hack Could Cost ‘Well Over $600M’

Equifax Hack Could Cost ‘Well Over $600M’

The breach could turn out to be the most costly in corporate history, with Equifax expecting another $275 million in costs this year.

By Matthew Heller | March 5, 2018

Risky Business

Among the various threats to corporate well-being, one — the vulnerability of sensitive data — stands out from the crowd.

By Josh Hyatt | February 21, 2018

CFPB Said to Be Icing Probe of Equifax Breach

Risk & Compliance

CFPB Said to Be Icing Probe of Equifax Breach

Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.

By Matthew Heller | February 5, 2018

Cybersecurity Tops Boards’ 2018 To-Do Lists

Cybersecurity Tops Boards’ 2018 To-Do Lists

Directors also will focus on corporate social responsibility, board composition, activist shareholders, and SEC enforcement, among other hot topics.

By David McCann | January 8, 2018

Pull an Uber and Disclose your Data Breach, Now

Pull an Uber and Disclose your Data Breach, Now

Uber's concealment of the breach increased the cyber risk of drivers and customers, as well as the potential loss of trust from investors and governments.

By Joseph Carson | November 22, 2017

Equifax Failed to Patch Software Flaw: Ex-CEO

Equifax Failed to Patch Software Flaw: Ex-CEO

Richard Smith says the massive data breach at Equifax resulted from a flaw that remained in a web app "much longer than it should have."

By Matthew Heller | October 3, 2017