Data security

‘Maybe credit bureaus are dead?’: Comments of the week

11/03/17

Readers weigh in on a blockchain-based credit bureau, react to the CFPB’s arbitration rule and chime in on calls to invest more in women.

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Equifax restoring The Work Number portal with beefed-up security

10/20/17

Equifax continues work to add new security features and restore full access to The Work Number following a report highlighting potential security vulnerabilities in a browser-based portal of its employment verification service.

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Fannie, Freddie 'not impacted' by Deloitte breach, GSEs say

10/10/17

Fannie Mae and Freddie Mac were not impacted by a hacking incident against the accounting giant Deloitte, the companies said Tuesday, after a British newspaper alleged a server containing emails from government agencies was compromised.

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As ex-Equifax CEO testifies, all credit bureaus are on trial

10/03/17

Richard Smith came to Capitol Hill this week to speak about the massive breach at Equifax, but it was clear Tuesday that he will be defending the entire credit reporting industry.

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Equifax made major errors that led to hack, Smith concedes

10/02/17

Equifax Inc.’s former chief executive officer said the credit-reporting company didn’t meet its responsibility to protect sensitive consumer information, confirming that the failure to fix a software vulnerability months ago led to the theft of more than 140 million Americans’ personal data.

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Canadian banks warn of opening access to financial data

10/02/17

Canada's banking industry has issued a warning to government about giving Canadians more control of their own banking data: proceed with caution.

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Equifax, Wells and CFPB: Banking's momentous week on Capitol Hill

09/29/17

The week of Oct. 2 is shaping up to be a significant one for the financial services industry on Capitol Hill, as lawmakers grill the top executives of Equifax and Wells Fargo, as well as the top regulator of Fannie Mae and Freddie Mac.

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Equifax's business model under growing scrutiny

09/26/17

As Equifax sheds its top execs, more experts are casting attention on the business practice of charging consumers for monitoring their personal data at bureaus that otherwise give them little control over their financial identities.

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The last thing Equifax needs is leadership continuity

09/26/17

Inevitably, Equifax’s CEO Richard Smith has left his post. For the credit bureau's sake, let's hope it has a long-term plan that's better than promoting from within.

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Equifax chief resigns after data theft; interim successor named

09/26/17

Richard Smith has resigned from the embattled Atlanta credit reporting company and will be replaced by Paulino do Rego Barros Jr., a seven-year company veteran. Board member Mark Feidler, a former telecom executive, was named nonexecutive chairman.

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