Top Equifax of­fi­cials re­tire af­ter breach

The Washington Post - - ECONOMY & BUSINESS - — Hamza Sha­ban

A week af­ter Equifax dis­closed it suf­fered a mas­sive data breach that may have com­pro­mised sen­si­tive in­for­ma­tion be­long­ing to 143 mil­lion peo­ple, the credit re­port­ing agency’s chief in­for­ma­tion of­fi­cer, David Webb, and chief se­cu­rity of­fi­cer, Su­san Mauldin, are re­tir­ing, ef­fec­tive im­me­di­ately, the com­pany said in a state­ment Friday evening.

The sud­den de­par­tures come as Equifax has been the tar­get of in­tense crit­i­cism over the lapses in se­cu­rity that led to the hack and the way the com­pany has han­dled the af­ter­math.

Richard F. Smith, Equifax’s chief ex­ec­u­tive, apol­o­gized for the breach in an op-ed pub­lished by USA To­day ear­lier this week. “This is the most hum­bling mo­ment in our 118-year his­tory,” he said. But his prom­ises to make changes at the com­pany were not enough for many law­mak­ers on Capi­tol Hill.

At least two con­gres­sional hear­ings on the Equifax breach have been an­nounced. The first sched­uled panel will take place on Oct. 3, when Smith is ex­pected to tes­tify. A bi­par­ti­san group of 36 se­na­tors have asked the Jus­tice Depart­ment and the U.S. Se­cu­ri­ties and Ex­change Com­mis­sion to in­ves­ti­gate re­ports Equifax ex­ec­u­tives sold stock af­ter learn­ing about the breach but be­fore it was made pub­lic. The Fed­eral Trade Com­mis­sion took the un­usual step of an­nounc­ing it is con­duct­ing a probe into the Equifax breach.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.