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Big News Friday September 22, 2017
Weeks after massive data breach expose, Equifax CEO resigns
Weeks after the disclosing a massive data breach, credit-reporting company Equifax said on Tuesday that its chief executive would step down effective immediately. As Richard Smith, who also served as chairman of the Equifax board, leaves, the board is revealed to have appointed Paulino do Rego Barros Jr. as the interim CEO. Barros Jr. is a seven-year veteran of the company and most recently served as its Asia Pacific region president. Further, the company announced that its board had appointed independent member Mark Feidler, who is a partner and co-founder of private equity firm MSouth, to serve as non-executive chairman. Smith became the latest casualty at the company as a result of the breach that the company revealed on September 7, saying it had exposed the Social Security numbers and birthdates of as many as 143 million people. Claiming that the breach was discovered on July 29, the company said a website vulnerability led to an intrusion that lasted from mid-May through July. Equifax added that it had spent the following weeks working with a cybersecurity consultant and authorities on an investigation...Read more