Equifax data beach insurance News

Equifax Sued by Australia’s Competition Regulator for Allegedly Misleading Consumers

Australia’s competition regulator said on Friday it was suing credit reporting company Equifax Pty Ltd, owned by U.S.-based Equifax Inc, alleging it misled consumers and used unfair tactics with people in financial hardship. The alleged consumer law breaches by Equifax’s …

Equifax Breach Could be Costliest Yet at $439M; Insurance to Cover $125M

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. …

FTC, Congress, States Investigating Equifax Over Data Breach

The U.S. Federal Trade Commission and a powerful Congressional committee are investigating the data breach at Equifax Inc., deepening government scrutiny of the cyber attack that may have compromised the privacy of 143 million U.S. consumers. The probes by the …

Is Equifax’s Cyber Insurance Enough to Cover Breach?

Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover …