Data breaches

Equifax follows Wells' crisis management playbook — with a twist

09/26/17

Equifax observed an increasingly well-worn ritual of scandal-ridden firms by jettisoning CEO Richard Smith: apologize, promise to do better in the future, and sacrifice your top executive in the hopes it will ward off action by Congress and regulators.

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Equifax mismanagement extends to damage control

09/21/17

Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny.

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Yellen signals Wells may face more actions

09/20/17

Federal Reserve Chair Janet Yellen said Wells Fargo’s treatment of customers was “egregious and unacceptable," hinting that more regulatory action was likely.

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The 10 biggest data breaches

09/20/17

Equifax's data breach may be the most serious, given that it covered 143 million consumers and involved reams of confidential information, but it wasn't the largest. Following are the biggest to date.

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Equifax breach has banks tightening defenses, counseling customers

09/19/17

Normally tight-lipped about security moves, bankers tell how they are re-examining their systems for Equifax-like flaws and providing new cards, fresh accounts and reassuring advice for anxious customers.

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'Call me skeptical, but ...': Comments of the week

09/15/17

Readers react to Equifax's massive data breach, weigh in on the departure of SoFi's CEO, endorse a new digital identity system, and more.

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Lawsuits against Equifax pile up; bitcoin price dives

09/14/17

More than 100 suits have been filed since the company revealed the massive data breach last week; price of digital currency is down 25% since hitting a record high a week ago.

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Blockchain key to rethinking identity, avoiding next Equifax

09/13/17

The best solution to the current broken identity system is to flip the authentication process from third parties to the users themselves.

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Banks consider spurning Equifax; Jamie hates bitcoin

09/13/17

Lenders aren’t happy with the way the credit bureau has responded to the data breach; JPM chief calls digital currency “a fraud.”

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Panic over Equifax breach bleeds to TransUnion

09/12/17

TransUnion Chief Financial Officer Todd Cello said Tuesday the firm kept call centers open through the weekend to deal with the flood of calls from anxious consumers.

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