PA Credit Union Association to join Equifax Litigation

DAUPHIN COUNTY, Pa.– After Equifax was hacked,  more than 145 million Americans’ identities and credit histories were compromised and the Credit Union National Association (CUNA) filed a class-action lawsuit against the company on October 4. The Pennsylvania Credit Union Association (PCUA) has joined the litigation as plaintiffs.

The PCUA Board of Directors’ decision to join the lawsuit came after management conducted a thorough due diligence that determined credit unions and other financial institutions will likely bear long-term costs as a result of the breach. These costs include canceling and reissuing an untold number of compromised cards, reimbursing consumers […] Read more

Punctual as ever, Equifax starts snail-mailing affected Brits about mega-breach • The Register

UK financial service regulators only learned of the Equifax mega-breach through media reports.

The admission comes in correspondence from the Financial Conduct Authority (FCA) released by Treasury Committee on Tuesday. A letter from the FCA to Nicky Morgan MP, chair of the Treasury Committee, confirms that the regulator is looking into the credit reference agency’s much-criticised handling of the breach.

Equifax initially said a breach that affected 145 million US consumers also hit 400,000 Brits. That admission came on September 15 but a month later the firm admitted that it had underestimated the impact of the breach on UK customers.

Equifax admitted that […] Read more