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These Five Data-Security Ideas Emerged in the Equifax Hearing

  • Lawmakers suggested fines and better breach laws on Tuesday
  • Ex-Equifax CEO said U.S. should find new identity standards
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Former Equifax CEO Apologizes to Congress for Data Breach

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Lawmakers grilled former Equifax Inc. Chief Executive Officer Richard Smith on Tuesday after hackers attacked the company’s systems and got access to sensitive information for 145.5 million Americans. Smith’s trip to Capitol Hill continues Wednesday with appearances before the Senate Banking and Judiciary committees.

A possible topic on Day Two: The Internal Revenue Service’s decision to pay Equifax $7.25 million to help it verify taxpayer identities. The agreement was reached last month, after the scope of the breach became public, according to a contract award dated Sept. 30.