Company Overview Visit equifax.com website
Equifax is one of three major American credit reporting agencies along with TransUnion and Experian. They hold over 600 million consumer records including names, addresses, social security numbers, credit card numbers, etc.
The company was founded in 1899 by Henry W. Fairfield after he realized the potential for selling financial information to banks looking to lend money to new customers.
Due to its widespread reach and influence, Equifax has come under fire on multiple occasions for leaks of personal data that allowed hackers access to more than 700 million people's sensitive information. This included Social Security numbers, birth dates, driver license numbers, and even payment cards issued by various banks around the United States. Most recently they were hacked again but this time included full names as well as credit card numbers and expiration dates.
In September 2017, Equifax offered a credit lock service to all U.S citizens for free helping to restore the trust of their customers. They also increased security measures around their network. In order to keep up with consumer demands, they have installed an entirely new cybersecurity unit that reports directly to the Chief Security Officer. No major data breaches or leaks have been reported since this was taken place and it seems as though things will be returning back to normal in the not-so-distant future.