After Pressure Over Security Concerns, IRS Suspends Equifax Contract

[jpak]

Source: Forbes

"Fool me once, shame on you. Fool me twice, shame on me."

One security breach might not have been enough to shake the confidence of the Internal Revenue Service (IRS) in Equifax, but apparently, a second cyber attack did the trick. The IRS has announced that it has suspended its contract with the credit-reporting bureau after reports that the company had been the subject of security concerns twice in the span of a few months.

An Equifax spokesman confirmed the suspension, saying, "Yesterday, the IRS notified us that they have issued a Stop-Work Order under our Transaction Support for Identity Management contract." The company believes that it is still best equipped to perform the services, saying, "We remain confident that we are the best party to perform the services required in this contract. We are engaging IRS officials to review the facts and clarify available options."

The IRS has not commented on any ongoing discussions. However, the agency released a statement about the change in direction, saying:

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Read more: https://www.forbes.com/sites/kellyphillipserb/2017/10/13/after-pressure-security-concerns-irs-suspends-equifax-contract/#4ca01b7836b6

[FakeNoose]

1. There go the executive bonuses

Now what, Equifax? Why doesn't the entire executive board fire themselves?
Oh, and give back last year's bonuses too, the stockholders want their money back.