- BusinessAtlanta Business Chronicle•19 minutes ago
Equifax announces cybersecurity hack impacting 143 million people
Equifax Inc. (NYSE: EFX) today announced a cybersecurity hack that potentially involved the private information of approximately 143 million U.S. consumers. The Atlanta-based company said that criminals exploited a U.S. website application vulnerability to gain access to certain files that included names, Social Security numbers, birth dates, addresses and, in some instances, driver's license numbers. In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed, according to a press release. Equifax said its investigation found the unauthorized access occurred
- BusinessMorningstar•4 hours ago
Passive Investing Isn't Passive Ownership
The topic was thrust into the limelight earlier this year when Exxon Mobil's shareholders, including the three asset managers represented on the panel, voted in favor of a resolution calling for climate-related disclosures. Michelle Edkins of BlackRock took pains to stress that their vote wasn't about values, insisting that "environmental and social risks are financial risks." She said BlackRock was simply acting in its role as a fiduciary of long-term investor assets. Vanguard's Glen Booraem maintained that his firm focuses on issues that are material to performance and companies to which fund shareholders are most exposed. For State Street, gender diversity is a key focus of engagement, said
BusinessReuters•3 hours agoBitcoin tumbles on report China to shutter digital currency exchanges
By Gertrude Chavez-Dreyfuss and Angela Moon NEW YORK (Reuters) - Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback. Sources close to a cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that authorities plan to shut key bitcoin exchanges in China. The news follows China's move earlier this week to ban so-called "initial coin offerings," or the practice of creating and selling digital currencies or tokens to investors in order to finance start-up projects.
