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The Equifax Hack Has the Hallmarks of State-Sponsored Pros

Posted on September 30, 2017 by Dissent

Michael Riley , Jordan Robertson , and Anita Sharpe report:

In the corridors and break rooms of Equifax Inc.’s giant Atlanta headquarters, employees used to joke that their enormously successful credit reporting company was just one hack away from bankruptcy. They weren’t being disparaging, just darkly honest: Founded in the 19th century as a retail credit company, Equifax had over the years morphed into one of the largest repositories of Americans’ most sensitive financial data, which the company sliced and diced and sold to banks and hedge funds. In short, the viability of Equifax and the security of its data were one and the same.

Read more on Bloomberg.

Related posts:

  • Equifax Reaches $1.4 Billion Data Breach Settlement in Consumer Class Action; Also Agrees to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
  • Credit reporting firm Equifax says data breach could potentially affect 143 million US consumers
  • Equifax data breach aftermath: lawsuits and criticism mount, stock prices plummet (Updates)
  • Madison Square Garden Company Alerts Customers of Payment Card Data Breach
Category: Business SectorHackU.S.

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