LOS ANGELES (CBSLA/AP) — Former Equifax CEO passed Go, but did not go directly to jail after getting grilled on Capitol Hill. At least, not yet.
Richard Smith appeared by a committee of House Republicans and Democrats as an onlooker dressed as the iconic Monopoly man twirled his white mustache from the audience.READ MORE: Man Shot, Wounded In Brentwood
The Monopoly “man” was identified by several news outlets as Amanda Werner, a consumer protection advocate for Public Citizen and Americans for Financial Reform.
The massive data hack compromised the names, addresses, birth dates, and Social Security numbers of 145 million Americans.READ MORE: Kempe's Two Goals Help Put Kings Over Oilers, 5-1
“The criminal hack happened on my watch, and as CEO, I am ultimately responsible, and I take full responsibility,” Smith said. “I am here today to say to each and every person affected by this breach, I am truly and deeply sorry for what happened.”
The data breach was first detected in late July. On Aug. 1 and 2, Equifax Chief Financial Officer John Gamble and two other executives, Rodolfo Ploder and Joseph Loughran, sold a combined $1.8 million in stock.
Equifax notified the public of the hack on Sept. 7.MORE NEWS: New COVID Testing Protocols Set To Take Effect For International Arrivals At LAX
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