Washington (CNN)A federal grand jury has charged four members of the Chinese People’s Liberation Army with hacking Equifax and stealing personal data and trade secrets in one of the largest hacks on record. Attorney General William Barr said Monday that the scale of the theft in 2017 was “staggering” and the suspects obtained information for nearly 150 million Americans. The attorney general said the hack was one of the largest on record and was a “deliberate and sweeping intrusion into the private information of the American peopl
New FTC Data Spotlight: Fake Check Scams Cause Big Losses, Especially for Consumers in Their Twenties
Frustrated with federal inaction, California aims to build a “mini” version of a federal agency that is tasked with consumer protection. Billing it as California’s version of the Consumer Financial Protection Bureau (CFPB), Governor Gavin Newsom revealed in his proposed 2020-2021 state budget that the new entity — a Department of Financial Protection and Innovation — intends to “cement California’s consumer protection leadership amidst a retreat on that front by federal agencies including the [CFPB] and “provide consumers greater protection from predatory practices.”
Roughly a month after the FBI advised U.S. companies to protect themselves against a pernicious strain of ransomware, hackers have continued to attack victims and threaten to publicize their private information. A hacking group deploying Maze ransomware has used a network of websites to publicly identify organizations it claimed to hack, and which of them refused to pay a ransom.
Homeowners are responding in a big way to tumbling mortgage rates, which have dropped to the lowest levels in years and have reached all-time lows for midwinter. Applications for mortgage refinance loans have spiked and are coming in at the fastest pace in six and a half years, a trade group says. But owners who decide to swap out their mortgages and stay in their homes aren’t helping to relieve the shortage of houses for sale. Would-be buyers keep struggling to find homes they want, and they’ve become less eager to borrow.