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Showing posts with label Equifax. Show all posts
Showing posts with label Equifax. Show all posts

9/12/17

USA - Equifax Drama: Chatbot lets you sue Equifax for up to $25,000 without a lawyer - by Shannon Liao

Equifax’s security failure affected 143 million US consumers, or 44 percent of the US population. To add insult to injury, Equifax waited over a month before revealing the security breach it had suffered. 

If you’re one of the millions affected by the breach, a chatbot can now help you sue Equifax in small claims court, potentially letting you avoid hiring a lawyer for advice.

Even if you want to be part of the class action lawsuit against Equifax, you can still sue Equifax for negligence in small claims court using the DoNotPay bot and demand maximum damages. Maximum damages range between $2,500 in states like Rhode Island and Kentucky to $25,000 in Tennessee.

The bot, which launched in all 50 states in July, is mainly known for helping with parking tickets. But with this new update, its creator, Joshua Browder, who was one of the 143 million affected by the breach, is tackling a much bigger target, with larger aspirations to match. He says, “I hope that my product will replace lawyers, and, with enough success, bankrupt Equifax.” 

Read more: Chatbot lets you sue Equifax for up to $25,000 without a lawyer - The Verge

9/8/17

Honest Corporate America? Three Equifax executives sold $2 million worth of shares days after cyber-attack became Public - by Todd Haselton

Three executives of Equifax (EFX) sold shares worth nearly $2 million in the company days after a data breach was found to affect 143 million consumers in the United States, filings to the Securities and Exchange Commission showed.

The fillings showed that the trio – Chief Financial Officer John Gamble Jr., workforce solutions president Rodolfo Ploder and U.S. information solutions president Joseph Loughran – offloaded the shares on August 1 and August 2.

Equifax said on Thursday it discovered a data breach on July 29. The credit reporting firm said the exposed data included names, birth dates, Social Security numbers, addresses and some driver's licence numbers.

The company added that 209,000 U.S. credit card numbers were obtained, in addition to "certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers."

Equifax acknowledged in a statement that the three executives sold a "small percentage" of their shares, but that they "had no knowledge that an intrusion had occurred at the time they sold their shares."

The SEC declined to comment on the share sales.

Note EU-Digest:The SEC fillings showed that the trio – Chief Financial Officer John Gamble Jr., workforce solutions president Rodolfo Ploder and U.S. information solutions president Joseph Loughran – offloaded the shares on August 1 and August 2. 

Equifax should fire the executives and they should be prosecuted by the SEC for using "inside information" to their financial gain, regardless of what Equifax or they say.

For the complete report clck here