The credit reporting agency will pay up to $700 million in fines and monetary relief to consumers over a 2017 data breach that affected nearly 150 million people.
This announcement brings the total number impacted by the massive hack to about 148 million people and renews lawmakers' scrutiny of the company's response to the data theft.
The largest known theft of Social Security numbers in history has lawmakers, law enforcement and identity theft victims angry. They're calling for better security and other changes in the system.
Experts say children's personal information is especially valuable for identity thieves, but there are steps parents and legal guardians can take to mitigate the risk of identity theft.
When people tried to visit a certain page on the company's website Thursday, they got an error message: "We're sorry ..." Equifax says it is looking into a report of fraudulent links on its site.
For most of our lives, Equifax has been slurping up our financial data. Now the company's been hacked and our data is loose. Today, we trace this mess back to two brothers and one fateful decision.
Republicans and Democrats alike are upset about the massive hack of Social Security numbers and other sensitive information at the consumer credit reporting company.
Equifax's former CEO Richard Smith and Wells Fargo CEO Tim Sloan both said "sorry" for the harm their companies have inflicted on consumers. But lawmakers scolded them in two different hearings.
The company's interim CEO promises to "let consumers easily lock and unlock access to their Equifax credit files." The service would be "offered free, for life."
The credit reporting agency said Chairman and CEO Richard Smith is retiring — just weeks after Equifax acknowledged that hackers had accessed the personal information of up to 143 million consumers.