- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Equifax data breach was even worse than initially feared, say Senate Democrats who accuse the CFPB for its lack of a “robust investigation” and plans to make its complaint database private.
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The Financial Conduct Authority fined Equifax’s U.K. unit more than £11 million (U.S. $13.3 million) regarding the company’s 2017 data breach that affected approximately 13.8 million U.K. consumers.
The DOJ announced four members of the Chinese military have been indicted on charges of hacking into the computer systems of Equifax, ultimately resulting in the largest-ever breach of consumer data. From an ERM standpoint, the indictment offers an inside look at the making of a Chinese cyber-attack.
A massive data breach that was “entirely preventable” will cost credit-reporting agency Equifax another $1 billion to beef up its cyber-security efforts.
