IRS puts Equifax contract on hold during security review

NEW YORK (Reuters) – The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $ 7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency’s website on Thursday. Equifax, which disclosed last month that cyber criminals breached its systems between mid-May and late July […] Read more »

Equifax takes down web page after report of new hack

NEW YORK (Reuters) – Equifax Inc said on Thursday it has taken one of its customer help website pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of more than 145 million people. The move […] Read more »

Former Equifax chief apologizes to Congress over hack

WASHINGTON (Reuters) – The former head of Equifax Inc (EFX.N) apologized repeatedly on Tuesday at a congressional hearing for the theft of millions of people’s personal data in a hacking breach, saying it took weeks for the credit bureau to understand the extent of the intrusion. Richard Smith retired last week but the 57-year-old executive […] Read more »

Can Blockchain Prevent the Next Equifax? Not So Fast

Blockchain is a marvelous technology. It relies on sophisticated cryptography to create a tamper-proof ledger across multiple computers, eliminating fraud and mistakes. It’s no surprise, then, that pundits are popping up who say using blockchain can avert the next Equifax breach. Too bad it’s not that easy. While blockchain is poised to transform a lot […] Read more »