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The British Information Commissioner's Office has hit American credit information provider Equifax with a fine of £500,000 (A$909,321) over a data breach which the US firm disclosed on 7 September 2017 and which it said had occurred between mid-May and July that year. Passwords of British customers were stored in plain text, the ICO said.
A former chief information officer at American credit information provider Equifax has been charged with insider trading before the company revealed in September last year that it had suffered a massive data breach.
American credit information provider Equifax has identified another 2.4 million customers affected by a data breach it first disclosed in September last year.
The US Internal Revenue Service has temporarily suspended a short-term contract worth US$7.25 million with credit information provider Equifax for identity proofing services.
American credit information provider Equifax has announced that about 15.2 million British client records were exfiltrated from its systems, affecting about 700,000 consumers.
Less than a month after American credit information provider Equifax announced a major data breach, the US Internal Revenue Service has awarded the company a US$7.25 million contract to verify taxpayer identities and help prevent fraud.
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