Equifax CEO Richard Smith Who Oversaw Breach to Collect $90 Million

By:  Jen Wieczner  Sep 26, 2017

The CEO of Equifax is retiring from the credit reporting bureau with a pay day worth as much as $90 million—or roughly 63 cents for every customer whose data was potentially exposed in its recent security breach.

Richard Smith, 57, is the third Equifax executive to retire under pressure following the company’s massive data breach revealed earlier this month, putting the personal information of as many as 143 million people at risk.

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Source – Fortune

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Equifax CEO Retires After Massive Data Breach

By:  Reuters   Sep 26, 2017

Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. consumers.

The announcement comes a week before Smith was expected to testify before a Senate Banking Committee about the cyber attack. Equifax disclosed earlier this month that hackers had access to its systems between mid-May and July, in one of the largest data breaches in the United States.

Shares of Equifax were down 2.1 percent at $103.00 early on Tuesday.
Source – Fortune
Featured Image Credit:  Equifax CEO Richard F. Smith speaks with Bloomberg News reporters on Thursday, March 15, 2007, in San Francisco, California.  Noah Berger—Bloomberg/Getty Images

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Two Equifax Executives Announce Immediate Retirement After Breach

By:  Reuters   Sep 15, 2017

(Reuters) – Credit score company Equifax Inc’s chief information officer and chief security officer will retire effective immediately, CNBC said on Friday, citing Dow Jones.

Equifax , which reported a massive data breach last week, did not immediately respond to requests for comment.

Source – Fortune

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