The U.S. Department of Justice announced that a federal grand jury in Atlanta delivered a nine-count indictment accusing four hackers and members of China’s People’s Liberation Army – Wu Zhiyong, Wang Qian, Xu Ke and Liu Lei – of serving as masterminds of the hack.

Is Equifax a company?

Equifax is a global data, analytics, and technology company. We believe knowledge drives progress. We blend unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward.

What is Equifax scandal?

January 2020. In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories.

Was my info leaked Equifax?

If you want to check whether your data was exposed, the FTC and official settlement site have an online tool you can use to check if you were part of the Equifax breach. You’ll need to enter your last name and last six digits of your Social Security number to see if your data was part of the hack.

How does Equifax make money?

Equifax, Experian and TransUnion collect, store and sell credit information on millions of consumers around the world. In the U.S., these three major consumer credit bureaus primarily make money selling credit reports, developing analytics and scoring systems, and selling credit-related services to consumers.

How long has Equifax been in business?

1899
Crossing the pond, the oldest of today s three major credit reporting agencies in the United States the Retail Credit Company is established in 1899, compiling an extensive list of creditworthy customers. Equifax has come a long way since its founding in 1899 by a pair of Tennessee-based grocers.

Who is the CEO of Experian?

Brian Cassin (Apr 30, 2012–)
Experian PLC/CEO

Will Equifax really pay $125?

Equifax is indeed paying out right now—but not to you. Instead, the company has finally agreed to pay the banks (PDF) for the inconvenience of having to cancel and reissue millions of credit and debit cards, The Register points out.

What kind of company is Equifax what do we do?

What We Do. Equifax is a global data, analytics, and technology company. We believe knowledge drives progress. We blend unique data, analytics, and technology with a passion for serving customers globally, to create insights that power decisions to move people forward.

Who is the owner of Equifax credit ratings?

TRW entered the credit rating business by acquiring Credit Data in 1967 and bought Chilton Corporation in 1988. In 1996, the credit portion of TRW was sold to the private equity firms Bain Capital and Thomas H. Lee, and the company was renamed Equifax.

Where was the first Equifax credit bureau located?

Equifax was founded in Atlanta, GA, as Retail Credit Company in 1899. The company grew quickly and by 1920 had offices throughout the US and Canada.

Why did the credit reporting company change its name to Equifax?

It is alleged that the hearings prompted the Retail Credit Company to change its name to Equifax in 1975 to improve its image. The company later expanded into commercial credit reports on companies in the United States, Canada and the UK, where it came into competition with companies such as Dun & Bradstreet and Experian.