Data Breach

State Senate Enhances Protections for Consumers with Data Breach Notification Law

 Alabama and South Dakota are the only states in the nation that don’t require companies to report the theft of electronic consumer information. On Thursday morning, the State Senate moved to protect consumers by passing the Alabama Data Breach Notification Act, which will require private companies and state agencies to report data breaches to affected consumers. The measure, sponsored by Senator Arthur…

Equifax Apologizes Again, Lays Out Costs Going Forward

A day after posting sizeable profit declines due to a massive data breach, Equifax says it expects to incur related costs of between $60 million to $75 billion in the current quarter. The Atlanta company reported a 27 percent slump in third-quarter profit, largely due to a hack that exposed the personal information of 145 million Americans. Opening a conference…

Key Equifax Executives Departing after Huge Data Breach

Equifax says its chief information officer and chief security officer are leaving the company, following the enormous breach of 143 million Americans’ personal information. The credit data company said Friday that Susan Mauldin, who had been the top security officer, and David Webb, the chief technology officer, are retiring from Equifax immediately. Mauldin, a college music major, had come under…

Equifax Victims May Face Another Hassle in Buying an iPhone

Apple fans who froze their credit after the Equifax data breach may end up with another hassle on their hands if they try to get one of the new iPhones that can cost more than $1,000. People who did so and want to make any big purchase may find the same. Since Equifax disclosed that 143 million Americans had their…

Yahoo Exprience Breach of 500 million User Accounts

Yahoo says the personal information in 500 million accounts was stolen in a massive security breakdown. The breach disclosed Thursday, the latest setback for the beleaguered internet company, dates back to late 2014. The stolen data includes users’ names, email addresses, telephone numbers, dates of birth, hashed passwords and security questions for verifying an accountholder’s identity. Yahoo is blaming the…

Chinese Government Suspected of Hacking into FDIC Computers

The Chinese government is believed to have hacked into computers at the Federal Deposit Insurance Corp. in 2010, 2011 and 2013, including the workstation of then-FDIC Chair Sheila Bair, a congressional report says. The report issued Wednesday by the Republican majority staff of the House Science, Space and Technology Committee cites a May 2013 memo from the FDIC inspector general…