FIRST AIRED: September 26, 2017

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Transcript

00:00:01
>> Equifax will not be defined by this incident.>> The CEO of Equifax will step down in the wake of a massive data breach at the credit reporting firm. The announcement coming after the company earlier this month disclosed hackers gained access to consumer data in one of the largest cyber thefts yet in the United States.
00:00:19
>> We have more to do, and we will.>> CEO Richard Smith posting this message on YouTube after news of the breach became public. Hackers accessed names, Social Security numbers, credit card numbers, birth dates, addresses, and driver's license numbers for about 209 million consumers. Shares of Equifax have fallen more than 30% since the disclosure.
00:00:38
Smith is the third executive to leave the company in the wake of the breach. He's one of only a few CEOs to lose their jobs due to a hack attack. The head of Target left in 2014 after hackers stole personal data from as many as 70 million consumers.
00:00:52
The announcement on Tuesday coming a week before Smith is expected to testify on Capitol Hill about the cyber attack. Lawmakers, including Democratic Senator Elizabeth Warren, have pressed for stricter regulations on what credit reporting firms can do with consumer data.