Posted on 10/03/2017 4:48:50 PM PDT by markomalley
Let's file this under "This Is Fine."
Politico reported Tuesday:
The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract issued last week …
A contract award for Equifax's data services was posted to the Federal Business Opportunities database Sept. 30 — the final day of the fiscal year. The credit agency will "verify taxpayer identity" and "assist in ongoing identity verification and validations" at the IRS, according to the award.
The notice describes the contract as a "sole source order," meaning Equifax is the only company deemed capable of providing the service. It says the order was issued to prevent a lapse in identity checks while officials resolve a dispute over a separate contract.
A quick reminder: Equifax revealed in September that 148 million people were affected in a massive data breach of its systems. This means credit card information, home addresses, social security numbers, etc., have all been comprised.
It gets better: The credit-reporting service learned of the cyberattack much earlier this year, but only mentioned the intrusion in September – after three top executives had already sold off a combined $2 million worth of shares.
The three "sold a small percentage of their Equifax shares," a spokeswoman explained last month, adding they "had no knowledge that an intrusion had occurred at the time."
Cool, cool. Hope you all have fun with your lucrative no-bid fed contracts. Life is just grand.
Want another twist?
Guess where LifeLock gets their primary credit info?
ONE GUESS ONLY
I thought that was what eVerify was for.
Equifax, on 10/02/2017, said potentially impacted U.S. consumers increased by 2.5 million.
Lets give them more money
The credit bureau fiasco.
<>It happened.
<>The phone-in system does not work. It is over-whelmed with inquiries. Call back later.
<>The computer inquiry gathers your data. Then, on the last step the message appears that the system cannot complete your electronic inquiry and you have to send a written request for the “free” credit report.
<>The written request has the usual razzle-dazzle with the name, address, and more than two years business PLUS STATMENTS FROM TWO UTILITY BILLS.
<>In frustration, the enrollment in LifeLock requests the same material but you zinged with an annual bill of nearly $100 per person.
<>The sure feels like a crappy scam to rebuild their flakey data base with fresh hard copies of the identification data.
It likely is; especially if [IIUC] their offered free identity-theft protection
service contains a clause surrendering your legal rights (eg to sue).
Onion Approved!
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Meanwhile, our hero Jeff Sessions on the job:
Zzzzzzzzzz!!!
Yes in deed...that’s why I opted to go with LifeLock.
Boy, was I shocked to learn that outfit got their data from Equifax.
Full circle.....GIGO
Darned President Obama! You’d think he could do something about this!
Flakey....that describes it alright.
really really stupid move ping
Hey! It’s the IRS.
Remember, they are professionals ... and you can’t “out stupid” a professional!
I bet Lois Lerner signed off on this contract
LOL... I had to go through something like that.
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