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This Time, Facebook Is Sharing Its Employees’ Data
Some of the biggest companies turn over their workers’ most personal information to the troubled credit reporting agency Equifax.
Users of Facebook are accustomed to trading personal data for convenience. Until 2031, Facebook Inc. is on privacy probation by the U.S. Federal Trade Commission, because, the FTC said in 2011, the company “deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowed it to be shared and made public.”
Still, through a little-known arrangement, Facebook Inc. routinely shares the sensitive income and employment data of its U.S.-based employees with the Work Number database, owned by Equifax Workforce Solutions. Yes, that Equifax.
equifax  breach  data  identity_theft  privacy  security  jobs  money 
3 days ago by rgl7194
How to Opt Out of Equifax Revealing Your Salary History — Krebs on Security
A KrebsOnSecurity series on how easy big-three credit bureau Equifax makes it to get detailed salary history data on tens of millions of Americans apparently inspired a deeper dive on the subject by Fast Company, which examined how this Equifax division has been one of the company’s best investments. In this post, I’ll show you how to opt out of yet another Equifax service that makes money at the expense of your privacy.
My original report showed how the salary history for tens of millions of employees at some of the world’s largest corporations was available to anyone armed with an employee’s Social Security number and date of birth — information that was stolen on 145.5 million Americans in the recent breach at Equifax.
Equifax took down their salary portal — a service from the company’s Workforce Solutions division known as The Work Number (formerly “TALX“) — just a few hours after my story went live on Oct. 8. The company explained that the site was being disabled for routine maintenance, but Equifax didn’t fully reopen the portal until Nov. 2, following the addition of unspecified “security improvements.”
Fast Company writer Joel Winston’s story examines how some 70,000 companies — including Amazon, AT&T, Facebook, Microsoft, Oracle, Twitter and Wal-Mart — actually pay Equifax to collect, organize, and re-sell their employees’ personal income information and work history.
equifax  breach  data  identity_theft  privacy  security  krebs  jobs  money 
3 days ago by rgl7194
Hack Cost Equifax Only $87.5 Million — for Now
During an earnings call detailing the Q3 2017 financial results, Equifax execs said the company incurred $87.5 million in expenses related to the massive data breach it suffered earlier in the year and which it publicly disclosed in September 2017.
Broken down, Q3 2017 hack-related expenses show that the company spent $55.5 million in product costs, $17.1 million incident response and other professional fees, and $14.9 million in customer support.
Equifax management also said they expect additional costs from the massive hack announced this September to amount to a sum between $56 million and $110 million in the coming months. These costs don't include class-action lawsuits, many brewing in many states.
All of these costs come from a security breach Equifax announced on September 7. The company said a hacker managed to steal the personal and financial details of over 145.5 million Americans, and a few other hundred thousand British and Canadian citizens.
equifax 
3 days ago by rgl7194
Equifax faces hundreds of class-action lawsuits and an SEC subpoena over the way it handled its data breach - The Washington Post
Equifax, the credit reporting firm, is facing more than 240 class-action lawsuits from consumers — in addition to suits from shareholders and financial institutions — over the way it handled a massive data breach that affected 145.5 million Americans.
The lawsuits were detailed in the company's third-quarter earnings report Thursday, its first since revealing the breach in September. The incident prompted three top officials to leave the company, including former chief executive Richard Smith.
equifax 
3 days ago by rgl7194
Here's How Congress Should Respond to the Equifax Breach | Electronic Frontier Foundation
There is very little doubt that Equifax’s negligent security practices were a major contributing factor in the massive breach of 145.5-million Americans’ most sensitive information. In the wake of the breach, EFF has spent a lot of time thinking through how to ensure that such a catastrophic breach doesn’t happen again and, just as importantly, what Congress can do to ensure that victims of massive data breaches are compensated fairly when a company is negligent with their sensitive data. In this post, we offer up some suggestions that will go a long way in accomplishing those goals.
A Federal Victims Advocate to Research and Report on Data Breaches
When almost half of the country has been affected by a data breach, it’s time for Congress to create a support structure for victims at the federal level.
Once a consumer’s information is compromised, there is a complex process to wade through to figure out who to call, what kind of protections to place on one’s credit information, and what legal remedies are available to hold those responsible accountable. To make it easier for consumers, a position should be created within the executive branch and given dedicated resources to support data breach victims.
breach  credit_report  data  equifax  gov2.0  identity_theft  privacy  security  EFF 
10 days ago by rgl7194
How Developing Countries Can Prevent Their Own Equifax Breach | CGAP
Developing countries have a great advantage when it comes to data security — they can learn from the lessons of developed countries. The recent incident involving the security breach at the American credit bureau Equifax, that exposed the personal information of over 145 million people, provides two important lessons: avoid big databases where possible and give consumers more control over their personal information.
CGAP  finance  development-assistance  cybersecurity  Equifax  opinion 
10 days ago by pierredv
Equifax Reopens Salary Lookup Service — Krebs on Security
Equifax has re-opened a Web site that lets anyone look up the salary history of a large portion of the American workforce using little more than a person’s Social Security number and their date of birth. The big-three credit bureau took the site down just hours after I wrote about it on Oct. 8, and began restoring the site eight days later saying it had added unspecified “security enhancements.”
At issue is a service provided by Equifax’s TALX division called The Work Number. The service is designed to provide automated employment and income verification for prospective employers, and tens of thousands of companies report employee salary data to it. The Work Number also allows anyone whose employer uses the service to provide proof of their income when purchasing a home or applying for a loan.
equifax  security  privacy  career  money  data  krebs 
11 days ago by rgl7194
Data Breaches: The Death Knell of KBA - Pindrop
In the 1930s, the United States introduced Social Security Numbers to keep track of workers’ wages and their Social Security Program contributions. Today, the private sector uses Social Security Numbers as a unique identifier for consumers and the primary means of gathering information on individuals. Our society is comfortable using this identifier when applying for home loans, credit cards, utilities, and even government benefits.
The most recent breach in the headlines has exposed nearly half the U.S. population’s Social Security Numbers, dates of birth, addresses, and in some cases, driver’s licenses and credit card numbers. This breach combined with the 1.9 billion records released from other data breaches in first half of 2017 and 4 billion plus records released in 2016, marks the end of assuming our personal information is NOT for sale to highest bidding fraudster.
breach  data  equifax  identity_theft  privacy  security  SSN 
16 days ago by rgl7194
Fear Not: You, Too, Are a Cybercrime Victim! — Krebs on Security
Maybe you’ve been feeling left out because you weren’t among the lucky few hundred million or billion who had their personal information stolen in either the Equifax or Yahoo! breaches. Well buck up, camper: Both companies took steps to make you feel better today.
equifax  security 
19 days ago by jeffhammond

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