Equifax CEO is out after massive data breach

Published: Tuesday, September 26, 2017 @ 9:27 AM
Updated: Tuesday, September 26, 2017 @ 11:11 AM



The Atlanta Journal-Constitution
(The Atlanta Journal-Constitution)

Equifax CEO Richard Smith is out after the credit bureau reported a massive data breach earlier this month.

>> Read more trending news

The move, described as a retirement, was made effective immediately on Tuesday. Paulino do Rego Barros Jr., the head of Equifax’s Asian operations, has been named interim CEO, and board member Mark Feidler has been named non-executive chairman.

Officials with the Atlanta-based credit reporting and technology company said a “cyber security incident” might have exposed the personal information of 143 million Americans.

Hackers exploited a software glitch to gain access to the trove of personal data, the company said. Equifax disclosed earlier this month that the data breach was discovered in July and believed to have taken place from mid-May to July.

>> Related: Equifax, software maker blame each other for opening door to hackers

The data believed to have been accessed included names, Social Security numbers, birth dates and addresses.

In a statement, Feidler said, “The Board remains deeply concerned about and totally focused on the cybersecurity incident.”

“We are working intensely to support consumers and make the necessary changes to minimize the risk that something like this happens again,” he said. “We have formed a Special Committee of the Board to focus on the issues arising from the incident and to ensure that all appropriate actions are taken.”

Smith had been Equifax's CEO since 2005.

In a statement, Smith called his tenure at Equifax “an honor, and I’m indebted to the 10,000 Equifax employees who have dedicated their lives to making this a better company.”

Although many analysts had applauded Equifax's performance under Smith, he and the rest of his management team had come under fire for lax security and its response to the breach.

Smith is expected to testify before Congress in early October.

>> Related: Equifax apologizes for sending people to fake company website 

WSBTV obtained video of the Smith speaking to students and faculty at the University of Georgia last month, after the company’s massive data breach occurred but before the company disclosed it.

The company didn’t disclose the breach until Sept. 7.

The Associated Press, Atlanta Journal-Constitution and the Cox Media Group National Content Desk contributed to this report.

143 Million Could Be Affected by Equifax Data Breach

United passenger dragged from plane reaches settlement with airline

Published: Thursday, April 27, 2017 @ 3:19 PM
Updated: Thursday, April 27, 2017 @ 4:36 PM

VIDEO: Passenger Removed From United Airlines Flight

A Kentucky doctor who made headlines earlier this month when he was dragged off a United Airlines flight in Chicago has settled with the airline, attorneys said Thursday in a news release.

>> Read more trending stories

Dr. David Dao suffered numerous injuries when he was dragged off a flight bound for Kentucky on April 9 after refusing to give up his seat.

The confrontation between Dao, 69, and three Chicago Department of Aviation officers was caught on video by passengers on the flight. The footage quickly spread on social media.

>> Related: United passenger suffered broken nose, teeth while being dragged from plane

Attorneys for Dao declined to share details of the settlement, citing a confidentiality provision in the agreement. Attorney Thomas Demetrio praised Oscar Munoz, CEO of United's parent company, in a statement.

"Mr. Munoz said he was going to do the right thing, and he has," Demetrio said. "In addition, United has taken full responsibility for what happened on Flight 3411, without attempting to blame others, including the city of Chicago. For this acceptance of corporate accountability, United is to be applauded."

Dao was hospitalized for days after the incident on Flight 3411 with injuries that included a severe concussion, a broken nose and an unspecified injury to his sinuses. He lost two front teeth in the scuffle, Demetrio said.

WATCH: Attorneys for United Airlines Passenger Dragged from Plane

"Dr. Dao has become the unintended champion for the adoption of changes which will certainly help improve the lives of literally millions of travelers," Demetrio said.

The settlement was reached on the same day United announced policy changes aimed at preventing a similar situation from happening to other passengers. Among the changes was the announcement that the airline will offer travelers as much as $10,000 to give up their seats on overbooked flights.

>> Related:United unveils 10 policy changes, will pay bumped passengers up to $10,000

Previously, the airline would offer up to $1,350, according to Bloomberg.

A number of other airlines also announced policy changes aimed at offering passengers more incentive to delay flights in cases of overbooking and to ensure that they are not taken off planes after boarding.

United's response in the immediate aftermath of the confrontation was widely criticized. Munoz first defended the airline and described Dao as "belligerent" before publicly apologizing days later and vowing to do better.

The officers who pulled Dao from the United flight were placed on leave after the incident.

>> Related: Police who dragged passenger from United flight stand by use of force

The agency released a report on Monday in which the officer who pulled Dao from his seat, James Long, gave his version of events. Long said Dao was verbally and physically abusive and was flailing his arms before he lost his balance and struck his mouth on an armrest.

The department's roughly 300 officers guard the city's two main airports but are not part of the regular Chicago police force. They receive less training than police officers do and cannot carry guns inside the terminals.

The Associated Press contributed to this report.

2 children killed, 1 man hurt in Colorado stabbing

Published: Tuesday, October 17, 2017 @ 6:55 AM

2 Children Killed And 1 Man Hurt After Stabbing In Colorado

Two children were killed and one man injured in a stabbing early Tuesday in Colorado Springs, Colorado.

>> Read more trending news 

>> Click here or scroll down for more

Auburn, Oklahoma State, USC coaches among 10 charged with corruption

Published: Tuesday, September 26, 2017 @ 10:05 AM
Updated: Tuesday, September 26, 2017 @ 1:33 PM

10 Charged With Corruption In College Basketball

Federal prosecutors on Tuesday announced charges against 10 people accused of participating in a pair of college basketball bribery schemes, including four coaches in top-tier college basketball programs and employees of global sportswear apparel giant Adidas.

>> Read more trending news 

“The picture painted by the charges brought today is not a pretty one,” acting U.S. Attorney Joon Kim said at a news conference Tuesday afternoon.

Authorities allege that four coaches took bribes to steer their student athletes toward financial advisers, business managers and athletic advisers, including Jim Gatto, listed online as the director of global marketing for Adidas; and Munish Sood, identified by The Washington Post as chief executive of financial advisory company Princeton Capital.

Prosecutors identified the charged coaches as Auburn University assistant coach Chuck Person, University of Southern California assistant coach Tony Bland, University of Arizona assistant coach Emanuel "Book" Richardson and Oklahoma State University assistant coach Lamont Evans.

Related

Trump's latest statement 'a declaration of war,' North Korean foreign minister says

Published: Monday, September 25, 2017 @ 11:21 AM
Updated: Monday, September 25, 2017 @ 2:36 PM

VIDEO: President Trump Speaks To U.N. General Assembly On North Korea

North Korea's foreign minister on Monday told reporters that President Donald Trump has issued "a declaration of war" against the Hermit Kingdom in the president’s most recent statements on the country.

>> Read more trending news

However, White House spokeswoman Sarah Huckabee Sanders insisted at a news briefing on Monday that no declaration had been made.

“We’ve not declared war on North Korea, and frankly the suggestion of that is absurd,” she said.

On Saturday, Trump said that North Korea "won't be around much longer" if it continues to threaten the United States.

 

WASHINGTON, DC - SEPTEMBER 24: (AFP OUT) U.S. President Donald Trump walks toward the White House after stepping off Marine One on the South Lawn on September 24, 2017 in Washington, DC. (Photo by Olivier Douliery - Pool/Getty Images)(Pool/Getty Images)