Under the $7.25 million contract, Equifax is to verify taxpayer identities and help prevent fraud for the Internal Revenue Service. After 12 years at the helm of the company, Smith stepped down as CEO last week, and is the only company representative slated to appear before lawmakers. “I apologize to this committee and all Americans for this breach,” Smith said. And I guess smelling bad isn’t a crime.”In testimony this week, Smith revealed that Equifax missed an opportunity to prevent the breach. Read more:Before the breach, Equifax sought to limit exposure to lawsuitsEquifax suffered another breach in MarchEquifax asks consumers for personal info, even after massive data breach

Source: Washington Post October 04, 2017 17:25 UTC