The IRS will pay
Equifax $7.25 million to verify taxpayer identities and help prevent fraud
under a no-bid contract issued last week, even as lawmakers lash the embattled
company about a massive security breach that exposed personal information of as
many as 145.5 million Americans.
Equifax’s
former chief executive Richard Smith repeatedly deflected questions from a
Senate Banking Committee panel Wednesday about a $7 million IRS contract
the company recently received to help prevent fraud and whether
the company could profit from the hack that exposed sensitive data of 145
million people.
Smith endured a
barrage of tough questions in the second of four congressional committees he is
set to visit this week as lawmakers probe the company’s massive data
breach and its bungled response. After twelve years at the helm of Equifax,
Smith stepped down as CEO last week, and is the only company representative
slated to appear before lawmakers.
Seated behind Smith within
camera shot was a critic─Rich Uncle Pennybags.
The mascot of the iconic board game Monopoly™ went full-tilt in the act
of mockery dressed in a morning suit, top hat, red bow tie and a bushy white
moustache.
Public Citizen, an
advocacy group that monitors government accountability, claimed responsibility
for sending the board game mascot to the hearing. The “mascot” also distributed “Get Out Of
Jail Free” cards to all one hundred Senate offices.
#ForcedArbitration is a "Get Out of Jail Free" card for companies like @WellsFargo and @Equifax. #RipoffClause https://t.co/x38UQSYJrz— Public Citizen (@Public_Citizen) October 3, 2017
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