Equifax has been in the news lately for all the wrong reasons, following a chain of blunders and mismanagement after it revealed that a security breach leaked the personal data of 143 million people . This morning, the CEO of Equifax and chairman of its board, Richard Smith, retired effective immediately. In a release, Equifax stated that it has appointed Paulino do Rego Barros, Jr., as interim CEO. He’s been with the company for seven years and most recently was the president of Equifax’s Asia Pacific division. Smith will stay on as an unpaid advisor to oversee a smooth transition. He cites the reason for his departure as the data breach: “At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward, ” he said. Smith is the latest casualty of the epic breach (their Chief Security Officer and Chief Information Officer also “retired” ), which has been catastrophically mishandled by Equifax. The company’s failure to patch a well-known security hole is the reason hackers were able to gain access to the data. The company’s executives are also under DOJ investigation for suspiciously timed stock sales that occurred after Equifax realized the breach had occurred but before it disclosed information to the public. And their credit freeze pins had security issues of their own . It’s unclear whether new management will ease Equifax’s woes, after how mishandled this entire breach has been from the start. Senators have called for credit report changes , allowing for consumers to have more power over their information. It makes sense; credit agencies should be held accountable when they make terrible errors in judgment and don’t take action to protect the sensitive personal data they handle every day. Via: CNBC Source: Equifax
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Equifax CEO Richard Smith suddenly decides to ‘retire’
Bitcoin dropped below $3, 000 on Friday as the cryptocurrency extended a brutal eight-day sell-off that has reduced its value against the dollar by a third. Financial Times reports: The currency traded as low as $2, 972, marking a 36 per cent fall from bitcoin’s close on September 7, and a collapse of 40 per cent from the highs struck earlier this month. The latest bout of selling came after BTCChina, one of the country’s biggest bitcoin exchanges, said it would halt trading at the end of the month. Focus has now shifted to the communist country’s other two big exchanges: OKCoin and Huobi. Alternative source. Read more of this story at Slashdot. 
In a piece describing the paranoid vibe in Las Vegas during the DEFCON convention, CNET reported Friday that the Wet Republic web site “had two images vandalized” with digital graffiti. But their reporter now writes that “my paranoia finally got the best of me, and it turned out to be an ad campaign.” The images included a scribbled beard and eye patch on a photo of bikini model, along with the handwritten message “It’s all out war.” CNET’s updated story now reports that “It looked like a prank you’d see from a mischievous hacker…” When I spotted the vandalism on the Wet Republic site Friday morning, it looked like other attacks I’d seen throughout the week, such as a Blue Screen of Death on a bus ticket machine… Hakkasan, which hosts the event at MGM Grand, said the “vandalism” was part of the cheeky advertisements for a seasonal bikini contest it’s been running since 2015. The “all-out war” is between the models in the competition, not between hackers and clubs. Hakkasan’s spokeswoman said nothing on its network has been compromised. So maybe not everything online in Las Vegas is getting hacked this week, and this n00b learned to calm down the hard way. For that matter, maybe that blue screen of death was also just another random Windows machine crashing. CNET’s reporter made one other change to his article. He removed the phrase “when hackers are in town for Defcon, everything seems to be fair game.” Read more of this story at Slashdot.