2 Equifax executives retire as investigations intensify

Equifax announced Friday that Chief Information Officer Dave Webb and Chief Security Officer Susan Mauldin would retire after investigators began looking into how the company handled one of the worst data breaches in US history.

The credit reporting company said the personnel changes would be effective immediately, but did not state what retirement packages the executives would receive.

Since the breach, Equifax has been criticized for hiring Mauldin, who does not have any formal education related to technology or security but graduated with a degree in music composition from the University of Georgia, according to Market Watch.

The company did not mention the three executives who sold shares worth a combined $1.8 million after the breach was discovered.

On Friday, Senator Elizabeth Warren (D-Massachusetts) introduced the Freedom from Equifax Exploitation (FREE) Act, a bill aimed to prevent similar breaches from happening in the future.