IRS awards $7.25 million fraud prevention contract to Equifax as firm reels from large information breach

The IRS awarded a $7.25 million no-bid contract for fraud prevention companies to Equifax on the finish of final month, because the credit score reporting agency reeled from its large information breach.

The tax assortment company reported on Sept. 30th it contracted with Equifax to “confirm taxpayer id and to help in ongoing id verification.”

On Monday, Equifax revealed hackers could have stolen the data of as many as 145.5 million Individuals.

Former CEO Richard Smith, who resigned shortly after the disclosure of the large breach, appeared earlier than a Home panel Tuesday to face questions from lawmakers and refused to vow the corporate’s restitution efforts would make shoppers entire. Smith is scheduled to testify earlier than Congress a number of occasions this week.

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