All articles tagged with #transunion
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TransUnion experienced a data breach affecting 4.4 million customers, exposing sensitive information such as names and Social Security numbers, with the breach occurring on July 28. The company is notifying affected individuals and offering 24 months of free credit monitoring, while advising consumers to take additional security measures. The breach involved unauthorized access from a third-party application, and the exposed data may already be circulating on the dark web.
TransUnion, a major credit bureau, suffered a data breach affecting over 4.4 million US customers, linked to Salesforce data theft attacks by threat groups like Shiny Hunters and UNC6395, exposing sensitive personal data including Social Security Numbers and customer support messages.
TransUnion disclosed a data breach affecting over 4.4 million customers, with hackers accessing personal data including names, birth dates, and Social Security numbers, though the company claims no credit information was accessed. The breach was due to unauthorized access to a third-party application, and the perpetrators remain unidentified.
Consumers who disputed hard inquiries with TransUnion between Dec. 5, 2016, and Jan. 31, 2025, may be eligible for a share of a $23 million settlement, with payments up to $160; the deadline to file a claim is June 24, 2025.
TransUnion, the consumer credit reporting agency, has announced plans to cut approximately 1,300 jobs, representing a 10% reduction in its workforce, as part of a multiyear plan to reduce costs and drive growth. The company aims to achieve annualized operating expense savings of $120 to $140 million and a capital expenditure reduction of $70 to $80 million by 2026. TransUnion will leverage Neustar's cloud-native technology to develop its next-generation integrated data management, identity resolution, analytics, and delivery platform. The company expects to incur around $355 million to $375 million in one-time pre-tax expenses, including employee separation and facility exit costs.
The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have taken action against TransUnion, a rental screening subsidiary, for violating the Fair Credit Reporting Act. TransUnion failed to ensure the accuracy of rental background checks used by landlords and withheld the names of third parties providing inaccurate information. The CFPB and FTC are seeking a court order for TransUnion to pay $15 million in penalties and make improvements to its reporting practices. Additionally, the CFPB is ordering TransUnion to pay $8 million for misleading consumers about security freezes and locks on credit reports. TransUnion also failed to protect active-duty military members from pre-screened solicitation lists.