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The South African arm of one of the world’s largest credit check companies Experian yesterday announced a data breach incident that exposed personal information of millions of its customers. While Experian itself didn’t mention the number of affect customers, in a report, the South African Banking Risk Information Centre—an anti-fraud and banking non-profit organization who […]
It’s a pretty simple trade model, actually. They assume as much data about you from lenders, aggregate it, and sell it back to them,” said Brett Horn, an enterprise analyst with Morningstar. Equifax had more than $3.1 billion in income last year, largely from selling data to other organizations. Experian’s income came to $4.34 billion, […]
Plenty of consumers decided to go for a credit freeze to prevent identity theft and credit fraud after the unfortunate massive data breach at Equifax, a renowned credit reporting company. However, their worries are far from over since according to the findings of cybersecurity journo Brian Krebs; there is a vulnerability in Experian that allows […]
Experian, a major credit reference agency has suffered a huge data breach. Around 15 million T-Mobile users (who signed up for T-Mobile’s service last month) suffered as their information was leaked by hackers. T-Mobile used Experian to process its credit applications and perform credit checks on its customers. It is reported that any user who […]