Equifax CEO Quits After Massive Data
September 26, 201
Equifax CEO Richard Smith announced his sudden retirement Tuesday
following a massive data breach at the credit reporting company earlier
Smith and Equifax says they learned of the hack in late July but waited
until September 7 to inform its customers about the incident, which may
have further compromised the personal information of about 143 million
The federal government is investigating the company’s response to the
hack and Congress will hold a hearing on the matter next week.
Paulino do Rego Barros, Jr., an executive from the Asia Pacific division
at Equifax, will serve as CEO while the company searches for a permanent
one the largest credit reporting companies in the United States, said
hackers were able to obtain names, Social Security numbers, birth dates
and addresses of more than 40 percent of the U.S. population.
The company said credit card numbers were also compromised for 209,000
U.S. consumers, as were credit dispute accounts for 182,000 people.
Smith served as CEO from 2005 until this week. His departure follows the
abrupt retirement of Equifax's chief security officer Susan Mauldin and
chief information officer Dave Webb.