Displaying items by tag: Equifax

Data breaches are the scourge of the modern economic landscape. Over roughly a decade, data security has transformed from a relatively obscure subset of organizational infrastructure to an essential component of any modern business. Organizations that suffer a data breach now face regulatory fines of potentially millions of dollars, disastrous reputational damages, and even legal consequences. 

IT solutions and managed services provider Logicalis Australia has appointed Lara (Vandersluis) Barnett to the role of head of marketing.

Australia’s competition watchdog, the ACCC, has called on consumers, businesses and interested stakeholders to provide submissions about data broker services in Australia, as part of its five-year digital platform services inquiry.

The individual who claims to have breached Optus has released 10,000 address records and says a similar number will be made public each day for the next four days.

Law firm Slater and Gordon is looking at the possibility of initiating a class action suit against Optus over the massive data breach revealed by the telco on 22 September.

Regional advisory boards in APAC and EMEA, and new additions to the TBM Board, show how TBM is evolving as it enters its second decade

The Technology Business Management (TBM) Council, a not-for-profit organisation dedicated to advancing the discipline of TBM through education, standards, and collaboration between IT leaders and business partners, has elected new directors to its board as it is celebrates 10 years of ushering in an era of transparency and communication across lines of business with TBM.

Data cloud specialist Snowflake has launched its Healthcare & Life Sciences Data Cloud, said to be a single, integrated, and cross-cloud data platform that eliminates technical and institutional data silos.

Fraud, location and identity data intelligence specialist GBG has appointed Carol Chris as regional general manager for Australia.

Australia’s largest consumer credit reporting agency Equifax Information Services and Solutions is to pay penalties totalling $3.5 million for misleading and deceptive conduct and unconscionable conduct in relation to credit report services.

Security solutions firm Aura Information Security says its RedShield product is worthy of a new acronym, SwaS, and that it would have protected American credit information provider Equifax if they had it in place.

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.

Most professional hackers say they could bypass security systems, locate critical data, and exfiltrate that data within 15 hours, and they label defence measures such as firewalls and antivirus as trivially easy to bypass.

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 data leaked by US credit information provider Equifax may be much more than first disclosed, a report claims.

Global security vendor Centrify has warned that the major data breach revelations that have marked the past year would continue in 2018 as organisations struggle to recognise that “unmanaged trust is at the core of their cyber security vulnerability”.

The personal and financial data of about 40,000 Americans has leaked on the Web via an unsecured Amazon Web Services S3 bucket, the security firm UpGuard reports.

Intelligent search and automated workflow tools maker InfoTrack has bought CreditorWatch, which is claimed to be Australia's fastest growing credit reporting company.

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.