Subscribe to our free daily newsletters
. Military Space News .




Subscribe to our free daily newsletters



CYBER WARS
Equifax CEO steps down in wake of massive hack
by Staff Writers
New York (AFP) Sept 26, 2017


Equifax chief executive and chairman Richard Smith stepped down Tuesday in the wake of a massive hack of the consumer credit rating service.

The company tapped longtime Equifax executive Paulino do Rego Barros as interim chief executive while it undertakes a search for a new leader following the massive data breach from mid-May through July that was disclosed earlier this month.

The hack resulted in the theft of personal information from 143 million US customers.

The origins of the attack are not known, but analysts say it could have been directed by any number of cyber-criminal groups or nation-states, for financial gain or for espionage purposes.

Smith will "retire" from both roles effective immediately, the company said.

"At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward," Smith said.

Mark Feidler, a board member who was named non-executive chairman, said the board is "totally focused" on the cyber-security incident.

Equifax disclosed the breach September 7, saying hackers obtained names, social security numbers, birth dates, addresses and, in some instances, driver's license numbers from the database, potentially opening up victims to identity theft.

The company said credit card numbers were compromised for some 209,000 US consumers, as were credit dispute documents for 182,000 people.

The breach is seen as one of the worst ever, because of the sensitivity of the data leaked and the potential for identity theft.

A regulatory filing on the shakeup Tuesday said Smith would waive any right to an annual bonus under his contract and would provide "reasonable assistance" to the company without compensation for 90 days.

- 'Not real accountability' -

Senator Elizabeth Warren said Smith's departure does not diminish the need for answers about the breach and its consequences.

"I've called for Equifax executives to be held accountable for their role in failing to stop this data breach and hiding it from the public for 40 days," the Massachusetts lawmaker said in a statement.

"It's not real accountability if the CEO resigns without giving back a nickel in pay and without publicly answering questions."

Warren said she still expects Smith to appear before congressional hearings on the incident.

"The American public deserves answers about what went wrong at Equifax and what the company plans to do going forward," she said.

Last week, two other Equifax executives, its chief information officer and chief security officer, stepped down as the company began its review of the hack.

The US Federal Trade Commission and congressional investigators have opened probes into the incident and the FBI said it was "tracking the situation as appropriate."

Equifax is also facing a slew of lawsuits from consumers, investors and businesses who rely on the service.

Some analysts said the delay in reporting the breach to the public raised troubling questions, and stock sales by senior executives during that period added to those concerns.

An Equifax spokesperson said the executives who sold shares "had no knowledge that an intrusion had occurred at the time they sold their shares."

CYBER WARS
Equifax executives step down after major hack
San Francisco (AFP) Sept 16, 2017
Equifax said Friday that two executives entrusted with watching over its computers are retiring, their departures coming after its maligned handling of a major hack at the credit reporting agency. The Equifax chief information officer and head of security will retire, effective immediately, as "part of the company's ongoing review of the cybersecurity incident" that resulted in personal data ... read more

Related Links
Cyberwar - Internet Security News - Systems and Policy Issues


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CYBER WARS
Orbital ATK launches Patriot system target vehicle

PAC-3 anti-ballistic missile launcher downs target via remote control

Israeli Air Force stands up second Iron Dome battalion

'Take cover' - but where? Japanese helpless over N.Korea threat

CYBER WARS
Raytheon receives $31.5M contract for TOW missiles

Turkey signs deal to buy Russian S-400 missile systems

Leonardo, Thales integrating missile-protection systems in Britain

Sales deals for TOW missiles, boats for Bahrain in works

CYBER WARS
US Air Force Academy to Use VBS3 and VBS Fires for Remotely Piloted Aircraft Training

Drones can almost see in the dark

Israel says shot down Iranian-made, Hezbollah-operated drone

Study weighs risks of human-drone impacts

CYBER WARS
82nd Airborne tests in-flight communication system for paratroopers

Spectra Airbus SlingShot Partnership Extension

Airbus prepares the future European Governmental Satellite Communications programme

Northrop awarded contract for support of Air Force communications system

CYBER WARS
DARPA Rolls Out Electronics Resurgence Initiative

Oshkosh receives $466.8M contract for armored tactical trucks

SAIC contract for upgraded Marine vehicles advances

Logos Technologies gets DARPA contract for SilentHawk motorcycle

CYBER WARS
Saab eyes possible U.S. factory location

Britain suspends Myanmar training; Britain, Saudi Arabia sign military deal

L3 Technologies acquires Doss Aviation

US Senate passes $700 bn defense spending bill

CYBER WARS
Turkey hosts NATO naval exercises amid tensions

Facebook to give Russian ads to Congress, boost transparency

Slovakia plans to meet NATO defence budget target by 2024

NATO chief backs UN peacekeepers across east Ukraine

CYBER WARS
Application of air-sensitive semiconductors in nanoelectronics

A new kind of optical nanosensor uses torque for signal processing

New insights into nanocrystal growth in liquid

'Nano-hashtags' could provide definite proof of Majorana particles




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement