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Data breach. The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account. [3] [4] The unauthorized transfer involved data from seven firms, though the ...
The Equifax data breach occurred between May and July 2017 at the American credit bureau Equifax. Private records of 147.9 million Americans along with 15.2 million British citizens and about 19,000 Canadian citizens were compromised in the breach, making it one of the largest cybercrimes related to identity theft.
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
Answers to consumers' most pressing questions about preventing identity theft and protecting their credit reports after the massive credit-bureau hack.
Credit-reporting company Equifax Inc <EFX.N> will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement ...
American Banking Systems (ABS) Data Breach $1.7M Class Action Settlement American Banking Systems (ABS) agreed to pay $1.7 million to resolve class action allegations it mismanaged a 2020 data breach.
Viewers are reaching out to the 8 On Your Side team and asking about an email offering free credit monitoring in connection with a well-known data breach.
TransUnion. TransUnion LLC is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States". [ 4] Its customers include over 65,000 businesses. [ 5]