New York Consumer Law Blog

Tuesday, September 26, 2017

Equifax CEO Richard Smith is out after stunning data breach

Richard Smith, the beleaguered CEO of Equifax, has stepped down from his post. Apart from referring to Smith's exit as a “retirement,” Equifax makes no effort to conceal the reasons for his departure. Since Equifax’s data breach was made public earlier this month, “[a]s much as one-third of Equifax's market value [has] vanished;” the corporation remains under investigation by a handful of  attorneys general, in addition to the FTC; and, its efforts to work with consumers in response to the breach has been dismal. 

Read full article here


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