IRS suspends $7.25 million Equifax contract after pressure from Congress
The IRS said it suspended the contract as "a precautionary step" while the agency reviews the company's security systems.
Lawmakers are angry over Equifax’s massive data breach. Where do we go from here?
We asked two cybersecurity experts about what we should take away from this week's hearings -- and what's next.
WATCH: Former Equifax CEO testifies in fourth hearing over data breach
Former Equifax CEO Richard Smith will field questions over the Equifax hack from the House Financial Services Committee starting at 9:15 a.m. ET Thursday. Watch live here.
WATCH: Lawmakers grill former Equifax CEO over company’s $7.5 million IRS contract
But the biggest sore point for lawmakers appeared to be Equifax’s new $7.25 million contract with the Internal Revenue Service signed last month. Both sides of the aisle condemned the no-bid contract.
The no-bid contract, first reported by Politico, is for Equifax to provide the IRS with taxpayer and personal identity verification services…
In a prepared testimony ahead of his appearance before a congressional panel, former Equifax CEO Richard Smith said he was "deeply sorry" about last month's data breach. But how exactly did that happen? Smith offers his own version of events.
Former Equifax CEO Richard Smith's first hearing on Capitol Hill will be before the House Energy and Commerce Committee on Tuesday. It is scheduled to begin at 10 a.m. ET. Watch the hearing here.
The update comes as Equifax's former CEO, Richard Smith, who announced his retirement last month, will testify in front of Congress starting Tuesday.
The chief executive of Equifax is out after a massive data breach compromised the personal information of 143 million Americans.
