As data breach numbers rise, Equifax gets IRS no-bid contract
The credit reporting agency and Yahoo have been slammed after both companies revealed that their hacks had hurt even more consumers. The reward for Equifax: $7M in taxpayer money.
The company hit by one of the largest-ever data breaches will soon get government money—to combat taxpayer fraud.
The IRS has awarded Equifax a $7.25 million no-bid contract to verify taxpayers’ identities.
[The contract] was posted the last day of the fiscal year, Saturday, on the government’s Federal Business Opportunities database. It was awarded Friday, three weeks after Equifax announced what Ars has described as “very possibly the worst leak of personal info ever.” According to the posting, Equifax will “assist in ongoing identity verification and validations” for the IRS.
News of the contract was published the day after Equifax disclosed that millions more consumers were affected by its data breach than had been reported previously.
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