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Posts Tagged ‘credit scoring’

FBI secretly demands a ton of consumer data from credit agencies. Now lawmakers want answers

Recently released documents revealed the FBI has for years secretly demanded vast amounts of Americans’ consumer and financial information from the largest U.S. credit agencies. The FBI regularly uses these legal powers — known as national security letters — to compel credit giants to turn over non-content information, such as records of purchases and locations, ...

Mobile messaging financial advisory service, Stackin, adds banking features and raises cash

When Stackin initially pitched itself as part of Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audience too savvy for traditional advisory services. Now, nearly two years later, the company has pivoted from video to text-based financial advice for its millennial audience and ...

Capital One’s breach was inevitable, because we did nothing after Equifax

Another day, another massive data breach. This time it’s the financial giant and credit card issuer Capital One, which revealed on Monday a credit file breach affecting 100 million Americans and 6 million Canadians. Consumers and small businesses affected are those who obtained one of the company’s credit cards dating back to 2005. That includes ...

FTC hits Equifax with fine of up to $700M for 2017 data breach

Credit agency Equifax will pay up to $700 million in fines as part of a settlement with federal authorities over a data breach in 2017. The Federal Trade Commission said in a statement Monday that Equifax has agreed to initially pay at least $575 million in fines as part of the settlement with the federal ...

Most of the Fortune 100 still use flawed software that led to the Equifax breach

Almost two years after Equifax’s massive hack, the majority of Fortune 500 companies still aren’t learning the lessons of using vulnerable software. In the last six months of 2018, two-thirds of the Fortune 500 companies downloaded a vulnerable version of Apache Struts, the same vulnerable server software that was used by hackers to steal the ...

Equifax, Western Union, Priceline settle with New York attorney general over insecure mobile apps

New York’s attorney general has settled with five tech and financial giants, requiring each company to implement basic security on their mobile apps. The settlements force Credit Sesame, Equifax (yes, that Equifax), Priceline, Spark Networks and Western Union to ensure data sent between the app and their servers are encrypted. Specifically, the attorney general said ...

Experian leads $10M investment in Southeast Asia fintech startup Jirnexu

Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu . Jirnexu, which is headquartered in Kuala Lumpur, operates financial comparison services in Malaysia and Indonesia. Those services aggregate offerings and deals from banks and financial services companies, effectively acting as a user acquisition ...

Equifax slapped with UK’s maximum penalty over 2017 data breach

Credit rating giant Equifax has been issued with the maximum possible penalty by the UK’s data protection agency for last year’s massive data breach. Albeit, the fine is only £500,000 because the loss of customer data occurred when the UK’s prior privacy regime was in force — rather than the tough new data protection law, ...

Alibaba’s Ant Financial denies stealing from Equifax

Ant Financial has denied claims that it covertly raided Equifax — the U.S. credit firm that was hit by a hack last year — to grab information, including code, confidential data and documents to help recruit staff for its own credit scoring service. The Alibaba affiliate, which is valued at over $100 billion, launched Sesame ...

What REALLY makes up your Credit Score?

09.21.2009 · Posted in Finance Articles

Your credit score is the magic figure behind most aspects of your life. How much you pay for utilities, mortgage payments or rent, insurance, your car, and even whether you get hired are all dependant of your credit score. ...