Equifax News

Equifax May Face Class-Action Suit After Credit-Score Glitch

Equifax Inc., the second-biggest global credit bureau, was hit with a proposed class-action lawsuit after a report that it provided inaccurate credit scores on millions of US consumers looking for loans. The suit, filed Wednesday in federal court in Atlanta, …

Equifax Says Consumer Credit Scores Changed in Computer Error

Equifax Inc. said some consumer credit scores were changed because of a computer error that has since been rectified. A server “coding issue” led to the inaccurate scores, the consumer credit-reporting firm said Tuesday in a statement posted on the …

Equifax to Pay $18M Over Data Breach Affecting Nearly Three Million Mass. Residents

One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal information of nearly three million Massachusetts residents, …

Congress Looks to ‘Reimagine’ Credit Reporting Industry

The nation’s major credit reporting agencies faced renewed scrutiny from Congress on Tuesday, as lawmakers consider legislation overhauling the industry. Top executives from the three major credit reporting agencies – Equifax Inc, Experian Plc and TransUnion – had to defend …

Equifax Slapped with $658,000 Fine for Privacy Lapses After UK Cyber Attack

Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its …

Report Says Record Number of Data Breach Notices Filed in New York in 2017

The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach notices in 2006. In the …

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 …

What Insurance Companies Need to Know About Part 500 Cybersecurity Compliance

If there were any remaining doubts about the vulnerability of our online systems, they were dispelled in September when giant credit reporting company Equifax revealed it was breached in July by cyber criminals, compromising the personal identifiable information (PII) of …

Chicago Fililng Lawsuit in Massive Equifax Data Breach

The city of Chicago is suing the credit reporting company Equifax over a data breach that exposed personal information of about 143 million people. Mayor Rahm Emanuel’s office says the lawsuit accuses Equifax of violating Chicago’s consumer fraud ordinance and …

Massachusetts’ AG Healey Announces Data Breach Bill Following Equifax Hack

After bringing the nation’s first enforcement action against Equifax for its failure to protect the personal information of nearly three million Massachusetts residents, Attorney General Maura Healey announced updated legislation that will better protect consumers from data breaches. The new …