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The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract issued last week, even as lawmakers lash the embattled company about a massive security breach that exposed personal information of as many as 145.5 million Americans.
A contract award for Equifax's data services was posted to the Federal Business Opportunities database Sept. 30 — the final day of the fiscal year. The credit agency will "verify taxpayer identity" and "assist in ongoing identity verification and validations" at the IRS, according to the award.
The notice describes the contract as a "sole source order," meaning Equifax is the only company deemed capable of providing the service. It says the order was issued to prevent a lapse in identity checks while officials resolve a dispute over a separate contract.
http://www.politico.com/story/2017/10/03/equifax-irs-fraud-protection-contract-243419
(Score: 3, Insightful) by NotSanguine on Thursday October 05 2017, @12:00PM
Are you new? This is how things work, friend. As for the breaches and attempts by Equifax to profit from them, you need to remember that *you* are the product, not the customer.
Secondly, of course Equifax will get the no-bid contract. And next time, it will be TransUnion or Experian. Or Equifax will pay folks off and get the next contract too.
You really don't get it. I would be very surprised if the executives of these "credit reporting agencies" didn't have monitoring and locking services included free in their employment contracts. Because they aren't the hoi polloi [wikipedia.org] like you and me.
To paraphrase Quentin Tarantino, you are the weak, and they are the tyranny of evil men. Deal with it.
No, no, you're not thinking; you're just being logical. --Niels Bohr