Supreme Court’s CFPB case potentially impacts anyone with credit card debt or a mortgage

CFPB Protesters

If Kavanaugh maintains his position and finds four colleagues to join him, it is hard to see how any of the decisions the agency has made over almost a decade could stand. For instance, the CFPB has helped to reduce high late-fees on credit cards, undisclosed credit card fees and sharp interest rate hikes. It has also […]

Clearview AI has billions of our photos. Its entire client list was just stolen

Facial Recognition Software

The company claims to have scraped more than 3 billion photos from the internet, including photos from popular social media platforms like Facebook, Instagram, Twitter and YouTube. The firm garnered controversy in January after a New York Times investigation revealed that Clearview AI’s technology allowed law enforcement agencies to use its technology to match photos […]

U.S. Charges 4 Chinese Military Officers in 2017 Equifax Hack

USSR Flag and Silhouettes

KrebsOnSecurity has long maintained that the 2017 breach at Equifax was not the work of financially-motivated identity thieves, as there has been exactly zero evidence to date that anything close to the size of the data cache stolen from that incident has shown up for sale in the cybercrime underground. However, readers should understand that […]

Statement of Senate Intel Vice Chair Mark R. Warner on Charges Against Chinese Spies for Hacking Equifax

Mark Warner

“That said, the indictment does not detract from the myriad of vulnerabilities and process deficiencies that we saw in Equifax’s systems and response to the hack. A company in the business of collecting and retaining massive amounts of Americans’ sensitive personal information must act with the utmost care – and face any consequences that arise […]

Chinese Hacking Is Alarming. So Are Data Brokers.

Bank Vault with Data Inside

Using the personal data of millions of Americans against their will is certainly alarming. But what’s the difference between the Chinese government stealing all that information and a data broker amassing it legally without user consent and selling it on the open market? Both are predatory practices to invade privacy for insights and strategic leverage. Yes, […]

Justice Department indicts four members of China’s military for Equifax hack

News Anchor discussing Equifax

After the initial breach was announced on September 7, 2017, law enforcement officials and investigators turned their attention to China’s military. This was due in part to the fact that the Equifax data has never been found for sale on underground internet forums that usually involve the trade in this type of data to criminals […]

Tax Identity Theft Awareness Week starts today

1040 Tax Form

It would not surprise me if a victim of tax ID theft would also need to deal with credit theft.  Consumers can check their credit reports regularly for accounts that do not belong to them. https://www.consumer.ftc.gov/blog/2020/02/tax-identity-theft-awareness-week-starts-today?utm_source=govdelivery All this week, the FTC and its partners will host free events to share information about recognizing, avoiding and […]