Wednesday, November 8, 2017

Did you know that Equifax might have your salary info and selling it for $20



Every payroll period, Facebook, Amazon, Microsoft, and Oracle also provide an electronic feed of their employees’ hourly work and wage information to Equifax. So do Wal-Mart, Twitter, AT&T, Harvard Law School, and the Commonwealth of Pennsylvania. Even Edward Snowden’s former employer, the sometimes secretive N.S.A. contractor Booz Allen Hamilton, sends salary and other personal data about its employees to Equifax Workplace Solutions.

If his new prospective employer is among the 70,000 approved entities in Equifax’s verifier network with a “permissible purpose,” that company can purchase his employment and income information for about $20.

That individual has no control over who picks up the phone, whether the right information is actually given out, or if his or her privacy will be respected.”

In May 2017, Equifax informed some of its customers that unauthorized access to their employee tax records continued, undetected, for nearly a year, between April 17, 2016, and March 29, 2017. These Equifax security lapses occurred in another of TALX’s databases, the Tax Form Management platform, after “crooks were able to reset the 4-digit PIN given to customer employees as a password and then steal W-2 tax data after successfully answering personal questions about those employees,”

For More:
https://www.fastcompany.com/40485634/equifax-salary-data-and-the-work-number-database

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