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

Equifax is facing a towering pile of class action law suits – Naked Security

Lisa Vaas

I’ve been writing about technology, careers, science and health since 1995. I rose to the lofty heights of Executive Editor for eWEEK, popped out with the 2008 crash, joined the freelancer economy, and am still writing for my beloved peeps at places like Sophos’s Naked Security, CIO Mag, ComputerWorld, PC Mag, IT Expert Voice, Software Quality Connection, Time, and the US and British editions of HP’s Input/Output. I respond to cash and spicy sites, so don’t be shy.

[…] Read more

Equifax board picks former Broadcom exec for tech committee

Scott A. McGregor is the eleventh independent member of the Equifax board.

Two months after revelations that an Equifax breach had exposed information on 145.5 million U.S. consumers, the company has added Scott A. McGregor, former CEO of Broadcom Corp. to the board and to its technology committee.

Noting McGregor’s “broad executive management experience and extensive data security, cybersecurity, information technology and risk management experience,” non-Executive Chairman Mark L. Feidler said in a release that he “will be an invaluable resource for the Board as it continues its focus on strengthening the Company’s data protection systems and cybersecurity defenses and rebuilding the […] Read more

Wall Street Treats Equifax’s Stock Like Gold, But Its Debt Like Junk

While Wall Street stock analysts insist that Equifax Inc. will rebound from its troubles, banks that lend to the beleaguered credit-rating firm are taking a harder line.

In the weeks after the company disclosed a massive consumer data breach, some lenders have downgraded their internal assessment of Equifax to a level reserved for junk-rated borrowers. That’s based on private default estimates that six banks shared with Credit Benchmark, a firm that compiles this data from lenders anonymously.  

Among analysts included in Bloomberg’s estimates, there’s not a single “sell” recommendation and fewer than half a dozen “holds.” But the change in the […] Read more

Goizueta professors predict long recovery from Equifax breach | Emory University

While the initial shock of a tremendously personal data breach of Equifax has subsided, two Goizueta Business School professors have said the fallout could go on for years, or even a decade. 

In late September, embattled Equifax CEO Richard Smith stepped down, less than a month after the credit reporting agency announced that a hack to its computer system exposed the sensitive personal information of 143 million Americans. In recent weeks, it was reported that nearly 11 million driver’s licenses were among the data in the breach. 

The fallout has been significant, from top leadership stepping down, to the stock price dropping […] Read more

Law Enforcement: Silver City Police Blotter

Sun-News Reports, .
Published 2:43 p.m. MT Oct. 30, 2017

Police blotter(Photo: File)

The following information was obtained by the Silver City Police Department.

Oct. 27

Domestic Disturbance: A caller from the 2400 block of Cactus Street advised his mom just got mad, beat him up, and left in a Chevy.

Disturbance: Two females each called the police following a fight over money in the 600 block of North Cooper Street, leading to the issuance of a CTW for […] Read more

Thoughts on the Equifax security breach: Be proactive

Mary Baldwin
Published 1:32 p.m. ET Oct. 30, 2017 | Updated 1:37 p.m. ET Oct. 30, 2017

Getty Images/iStockphoto Hand Holding Pen Over Social Security Benefits Form(Photo: Getty Images/iStockphoto)

If you’re concerned about the Equifax data breach, you’re in good company. Criminals broke into their database and stole names, Social Security numbers, birthdates, addresses and, even the drivers licenses of 145 million people. Approximately 209,000 people had credit card numbers stolen.

These thieves can open new lines of credit, steal your tax refund, prevent you from filing […] Read more

Seattle Woman Says Her Identity Has Been Stolen 15 Times Since Equifax Data Breach

A Seattle woman says her identity has been stolen more than a dozen times since the massive Equifax security breach earlier this year.

Katie Van Fleet told local news outlets she’s speaking out as a warning to others. “I want to share my story and make people aware that this can happen to anybody,” she told KOMO-TV last week.

Van Fleet said her nightmare began in September when she received a thank you letter from Barneys New York about a credit line opened under her name. Over the next few weeks, similar letters from other stores arrived at her home.

“I kept receiving […] Read more

Woman blames 15 identity thefts on Equifax breach / Boing Boing

Katie Van Fleet has suffered 15 identity thefts since the Equifax breach and she believes the criminals who’ve targeted her are using information from the breach to open credit cards in her name; she’s started a class-action suit against Equifax.

Van Fleet said she has spent countless hours trying to restore her good name, and she’s hoping to get a handle on the mess before she takes a crack at buying a house in Seattle.

“I didn’t sign up to use Equifax, so I feel all of that stuff has been taken, and now I am left here trying to sweep up […] Read more