Hacks & Hackers

Clues in the leak of data from the firm AggregateIQ point to the involvement of other GOP linked market research and analytics firms.

US Firms May Be Early GDPR Targets

Large US firms may be among the first targets of EU regulators once the General Data Protection Rule goes into effect. (Editor’s Note: this blog post first appeared on Digital Guardian’s Digital Insider blog. You can read the full post here. )

Equifax said the breach of its network and theft of data on 140 million individuals has cost the company $87 million so far.

Equifax says breach cost it $87m

Data broker Equifax said that the data breach that spilled information on some 140 million individuals has cost the company $87 million so far, with more costs likely in the future. The disclosure, made as part of the company’s quarterly filing with the US Securities and Exchange Commission, is the first public disclosure of the direct costs of the incident, which saw the company’s stock price plunge by more than 30% and wiped out billions of dollars in value to shareholders. Equifax said that it recorded $87.5 million in expense related to the cybersecurity incident in the third quarter of 2017. But its worth digging into that number to sort out real from anticipated costs. Around $55.5m of the $87.5m in breach related costs stems from Product costs. Professional fees added up to another $17.1m for Equifax and consumer support costs totaled $14.9m, the company said. Equifax also said it […]