Items tagged "Equifax"

Press Release

Capital One Data Breach Reinforces Need for Strong Consumer Privacy Protections

July 30, 2019 Capital One , consumer protections , Cybersecurity , Data Breach , Equifax

Today, Capital One — a popular bank and credit card company — announced that an “outside individual” with “unauthorized access” had obtained the personal information of about 106 million customers who had applied for its credit card products.

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Press Release

Public Knowledge Welcomes Equifax Settlement, Renews Call For Privacy Legislation

July 22, 2019 Consumer Privacy , consumer protections , Data Breach , Equifax , FTC

Today, the Federal Trade Commission and the Consumer Financial Protection Bureau announced an Equifax settlement that includes a fine up to $700 million for the 2017 Equifax data breach that jeopardized sensitive financial data of millions of Americans.

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Press Release

Public Knowledge Responds to Senate Panel’s Equifax Report

March 8, 2019 Cybersecurity , Data Breach , Data Security , Equifax , sustainability

Yesterday, the Senate Homeland Security and Governmental Affairs Committee’s Permanent Subcommittee on Investigations released its report on a probe into the 2017 Equifax hack stating that the company’s response was both “inadequate” and “hampered by [a] neglect of cybersecurity.” The report finds that the company’s shortcomings are both “long-standing” and “reflect a broader culture of complacency toward cybersecurity preparedness.”

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Press Release

Media Alert: Public Knowledge Hosts Post-Equifax Privacy Briefing February 5

January 31, 2018 Consumer Privacy , consumer protections , Equifax , Online Privacy , Privacy

Public Knowledge will host a briefing on privacy legislation February 5 from 2 – 3 p.m. at the Dirksen Senate Office Building. The briefing, “Privacy Protections in the Post-Equifax Era,” will outline privacy legislation expected for 2018 and review lessons learned from the 2017 Equifax data breach.

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Press Release

Public Knowledge Commends Sens. Warner, Warren for Holding Credit Reporting Agencies Accountable

January 10, 2018 consumer protections , Cybersecurity , Data Security , Equifax , Privacy

Today, Senators Mark R. Warner (D-VA) and Elizabeth Warren (D-MA) introduced the Data Breach Prevention and Compensation Act to hold credit reporting agencies like Equifax accountable for data breaches that jeopardize consumer data.

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Press Release

Public Knowledge Commends Sen. Leahy for Consumer Privacy Protection Act of 2017

November 14, 2017 Consumer Privacy , Cybersecurity , Equifax , Privacy , security

Today, Senator Patrick Leahy (D-VT) introduced the Consumer Privacy Protection Act of 2017. The bill would place requirements on companies with sensitive consumer information, such as Equifax, to maintain safeguards to ensure the privacy and security of such data, and to notify consumers when that sensitive data is breached. Public Knowledge applauds Senator Leahy and the bill’s co-sponsors, including Senators Markey, Blumenthal, Wyden, Franken, Baldwin, and Harris for prioritizing consumer privacy in the wake of the Equifax security breach.

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Post

Analyzing Congress’ Response to Data Breaches: Do Proposed Bills Protect You?

January 26, 2018 Cybersecurity , Data Security , Equifax , Privacy , security

For nearly three months last summer, the sensitive personal data of more than 145 million American consumers was exposed to bad actors thanks to some “ham-fisted” behavior on the part of credit reporting giant, Equifax. Americans were outraged, and lawmakers began to scrutinize Equifax’s behavior during the breach, including three Equifax senior executives selling shares worth almost $1.8 million in the days after the company discovered the hack.

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Post

Members of Congress Tackle Consumer Protection Failures from Equifax Breach

October 13, 2017 Consumer Privacy , Cybersecurity , Equifax , Privacy , security

Last week, Congress held four hearings to investigate the Equifax data breach, which jeopardized the highly sensitive data of 145 millions Americans. The exposed consumer information includes social security numbers, prior addresses, student loans, credit card numbers, and other pieces of private data compiled into credit reports that determine if a consumer qualifies for employment, loans, or new lines of credit. For days, members of Congress questioned former Equifax CEO Richard Smith as to how the breach could have occurred and what steps the company was taking to protect consumers. Mr. Smith resigned in September after the extent of the breach was fully disclosed. During the hearings, he offered little in terms of solutions on how to protect consumers going forward, but his answers revealed significant problems with our current data security regime that Congress must address.

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Post

Waive Goodbye to Your Rights: Equifax and Corporate America’s Love Affair with Forced Arbitration

October 7, 2017 Consumer Privacy , Cybersecurity , Equifax , Privacy , security

This past week, Congress demanded answers from former Equifax CEO Richard Smith about what, exactly, went so terribly wrong in his company’s handling of its massive data breach this summer, and to ask how to keep something like this from happening again. Over the course of four hearings in both the Senate and the House, it became clear that the list of “wrongs” is lengthy. But one of the most damning revelations emerged in the aftermath of the breach in the company’s attempts to mitigate harm post-breach. To be clear, we’re not talking about mitigating consumer harm – we’re talking about Equifax protecting itself from accountability through the use of forced arbitration.

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Post

The Right Response to Equifax

September 12, 2017 Consumer Privacy , Cybersecurity , Equifax , Privacy , security

Lots and lots and lots of people are talking about the Equifax breach. Many share similar views: this can’t happen again, Equifax should face some economic consequence, consumers need to be better educated, we need legislation, we need regulation. All of which may be valid and reasonable, but few of which will actually happen. Foremost among them, we will have another breach.

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