Tag Archives: Equifax

Photo: Michael Nagle/ Bloomberg

Equifax May Be Happy to Spend $1 Per Customer for Their Trouble

Equifax May Be Happy to Spend $1 Per Customer for Their Trouble

By Edvard Pettersson, Bloomberg News Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security breach, legal experts say there’s room for a deal because

A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017. The dollar fell to the weakest in more than two years, while stocks were mixed as natural disasters damped expectations for another U.S. rate increase this year. Photographer: Michael Nagle/Bloomberg

Equifax Stock Sales Said to Be Focus of U.S. Criminal Probe

By Tom Schoenberg and Anders Melin, Bloomberg News The U.S. Justice Department has opened a criminal investigation into whether top officials at Equifax Inc. violated insider trading laws when they sold stock before the company disclosed that it had been hacked, according to people familiar with the investigation. Prosecutors are looking at the stock sales

Close-up of the upper corner of a consumer credit report from the credit bureau Equifax, with text reading Credit File and Personal Identification, on a light wooden surface, September 11, 2017. In September of 2017, a data breach at Equifax exposed the personal information of thousands of customers. (Photo via Smith Collection/Gado/Getty Images).

Five Facts About Equifax’s Data Security Lawyer

Equifax has enlisted the help of King & Spalding’s Phyllis Sumner to defend it against more than 70 class actions brought so far over the credit reporting agency’s massive data breach. The breach, which took place between mid-May and July, compromised the names, Social Security numbers, birth dates and addresses of approximately 143 million American consumers,

Photographer: SeongJoon Cho (Bloomberg)

Equifax Asked by AGs to Stop Selling Monitoring Services

By Chris Dolmetsch, Bloomberg News Equifax Inc. should stop selling credit-monitoring on its web site and take advantage of confused customers who don’t know they can get the service for free, said a group of attorneys general investigating the company’s massive data breach. Connecticut Attorney General George Jepsen, who is helping lead the probe by

A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017. The dollar fell to the weakest in more than two years, while stocks were mixed as natural disasters damped expectations for another U.S. rate increase this year. Photographer: Michael Nagle/Bloomberg

Equifax Breach Under Investigation by N.Y. Department of Financial Services

By Gerald B.Silverman, Bloomberg BNA The huge data breach at Equifax Inc. is being reviewed by the New York Department of Financial Services for possible violations of state law or regulations, a source familiar with the case, who requested anonymity because they weren’t authorized to speak officially about the investigation, told Bloomberg BNA. The NYDFS’s

A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017. The dollar fell to the weakest in more than two years, while stocks were mixed as natural disasters damped expectations for another U.S. rate increase this year. Photographer: Michael Nagle/Bloomberg

Equifax Breach Complicates Banks’ Efforts to Fend off Lawsuits

By Elizabeth Dexheimer, Bloomberg News JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. are defending their practice of requiring customers to resolve disputes through arbitration, just as Equifax Inc.’s massive data breach complicates efforts to fend off rules that would make it much easier for consumers to sue banks. Last month, U.S.

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5 Things GCs Want From Outside Counsel

Illustration by Geralt (Pixabay) Editor’s Note: This post is written by a senior vice president of Rubenstein, a strategic communications and reputation management firm that works with corporate law firm professionals and in-house counsel.   By Katherine Magnuson, Senior Vice President, Rubenstein Associates, Inc. Did you know it might increase your business from general counsel

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