Data breaches through hacking attacks are distressingly common these days, and personal details about victims can lead to identity theft, such as credit cards and loans in a victim’s name. But it’s hard to pin the blame on any specific hack, as the most sophisticated criminals combine data from multiple attacks to better impersonate their targets.
Companies still have time to investigate an incident, but once they have determined a data breach has occurred, they must alert any individuals whose data they know was involved without waiting to figure out who else had data involved.
Earlier this month, organizations and stakeholders from across the finance ecosystem came together for Boston Fintech Week, a volunteer-led, grassroots effort that put together 35 free events in Downtown Boston.
Credit report data including credit scores, debt collection rates and other measures of financial health reveals large disparities and vast economic imbalances between different neighborhoods in Boston and cities in Massachusetts.
Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc. of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of 147 million people, a state court judge has ruled
A bill aimed at providing relief and protections to victims of data breaches hit a legislative roadblock this week, but its sponsors say there’s still a path forward.
he scenario that personal finance and credit experts feared most about the heist of consumer data from Equifax may already be underway: Criminals are using the stolen information to apply for mortgages, credit cards, student loans, tapping into bank debit accounts, filing insurance claims and racking up substantial debts, according to a major new class-action suit.
According to a recent survey on cybersecurity conducted by the National Association of Federally-Insured Credit Unions, 63 percent of respondents indicated they are “very concerned” about another Equifax-type data breach.
Fraud in connection with home mortgages is on the rise, ranging from little white lies about the intended use of the property all the way up to much more sophisticated schemes.
U.S. lawmakers will question the former head of Equifax Inc. at a Tuesday hearing that could shed light on how hackers accessed the personal data of more than 140 million consumers.
State officials apparently don’t think too much about requests by Equifax for consumers to enter the last six digits of the Social Security numbers to check and see if their personal information was exposed by the credit bureau’s data breach, which may have ensnared as many as 143 million people.
Attorney General Maura Healey on Monday threw her support behind a bill she said made so much sense, people might have assumed it was already law.
The catastrophic theft of 143 million consumers’ personal data from national credit bureau Equifax could cause financial grief for years for homebuyers and mortgage applicants.
Attorney General Maura Healey said yesterday she intends to sue Equifax over its failure to protect sensitive and personal information of up to nearly three million Massachusetts residents, following a major data breach at the credit reporting firm.
Equifax, the consumer credit monitoring company announced Thursday that hackers stole the personal information and other credit information from approximately 143 million Americans, putting them at risk of identity fraud.
The Consumer Financial Protection Bureau (CFPB) took action this week against Equifax and TransUnion for deceiving and luring customers into costly recurring payments and ordered the pair to pay more than $23 million in restitution and penalties.
