PropertyValue
?:author
?:datePublished
  • 2017-09-08 (xsd:date)
?:headline
  • Does Equifax's Credit Monitoring Service Bar Users From Joining a Class-Action Suit Against Them? (en)
?:inLanguage
?:itemReviewed
?:mentions
?:reviewBody
  • After the credit-reporting company Equifax revealed on 7 September 2017 that a cyber-attack had exposed personal data for 143 million U.S. residents, the company promoted its service TrustedID Premier as a way for people to see if their information was stolen in the 29 July 2017 data breach. But critics highlighted a clause in TrustedID's terms that required people enrolling in the service to forfeit their right to bring or participate in a class action, class arbitration, or other representative action: As of 8 September 2017, Equifax created a website, web site, EquifaxSecurity2017.com, addressing concerns over the issue, which stated that the cyber attack is not covered by TrustedID Premier's arbitration clause: New York state Attorney General Eric Schneiderman, whose office is investigating the data breach, said on Twitter that Equifax posted the statement after conversations [with his] office. We contacted Schneiderman's office seeking further comment but have yet to hear back. Equifax sent us a statement saying: However, other users have said that TrustedID's tool told them their data may have been impacted if they entered test as their last name and 123456 as the last six digits of their social security number. We entered the same number and Smith as a last name and got the same result. We contacted Equifax seeking comment but have not received a response. The company was also criticized following reports that a trio of executives -- Chief Financial Officer John Gamble, U.S. Information Solutions President Joseph Loughran and Workforce Solutions President Rodolfo Ploder -- sold a combined $2 million in company stock on 1 August and 2 August 2017. Equifax said that the three officials were unaware of the data breach at the time they sold their stock. The company announced on 26 September 2017 that chief executive officer Richard Smith would resign from both that position and his role as the chairman of the company's board. Paulino do Rego Barros Jr. was appointed as interim CEO, while another board member, Mark Feidler, will serve as non-executive chairman. As of 27 September 2017, Smith was scheduled to testify before the Senate Banking Committee at a hearing concerning the data breach. (en)
?:reviewRating
rdf:type
?:url