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A Year After Equifax Breach, No Enforcement Actions

posted by mrpg on Sunday September 09 2018, @10:08AM   Printer-friendly
from the if-god-isn't-real-who-saved-them? dept.

chromas (from IRC) writes:

A year after Equifax breach, no enforcement actions:

A new report by congressional investigators details how hackers broke into Equifax last year in a breach that exposed the financial information of more than 145 million Americans.

The lawmakers who requested the report say they will press the Trump administration on the lack of enforcement actions against the giant credit-reporting agency.

Shares of Equifax plunged by about one-third last year after news broke about the massive breach. Since then, the stock has recovered to about $10 below its peak before all the bad news and closed Friday at $135.91 a share. The company has reported a profit of $236 million this year, and second-quarter profit was down just 12 percent from the same period last year despite the breach.

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  • (Score: 0) by Anonymous Coward on Monday September 10 2018, @03:03AM

    by Anonymous Coward on Monday September 10 2018, @03:03AM (#732644)

    What in the world does a business like equifax have to do with a free market? And anyway federal reserve, etc... therefore there is no room to apply a free market anyway regarding anything so anyone arguing about this is either malicious or ignorant.