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The IRS awards Equifax a multi-million dollar anti-fraud contract

October 3, 2017

  As you know, Equifax recently admitted a cyber-security breech which compromised the personal information of nearly 1.5 million Americans:

Equifax disclosed a cybersecurity breach in September that potentially compromised the personal information, including Social Security numbers, of more than 145 million Americans — data that security experts have described as the crown jewels for identity thieves. The company is one of three major credit reporting bureaus whose data determine whether consumers qualify for mortgages, auto loans, credit cards and other financial commitments.

The company has subsequently taken criticism for issuing confusing instructions to consumers, which contained language that appeared aimed at limiting customers’ ability to sue, as well as tweeting out a link to a fake website instead of its own security site. The Justice Department later opened a criminal investigationinto three Equifax executives who sold almost $1.8 million of their company stock before the breach was publicly disclosed, Bloomberg has reported.

  Now it is being reported here that the IRS has awarded Equifax a multi-million dollar no-bid anti-fraud contract. Here is more:

The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract issued last week, even as lawmakers lash the embattled company about a massive security breach that exposed personal information of as many as 145.5 million Americans.

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.

What is the worst that can happen? You cannot make this stuff up…

malo periculosam libertatem quam quietum servitium

13 Comments leave one →
  1. Brittius permalink
    October 3, 2017 7:37 pm

    Reblogged this on Brittius and commented:
    Something, smells rotten. Hmmm…

    Liked by 2 people

  2. October 4, 2017 12:26 am

    Last I heard that Bozo was still at the IRS… cut some deal I guess.

    Liked by 2 people

  3. October 4, 2017 6:21 am

    I posted this to and commented as follows:

    An “anti-fraud” contract awarded to a company that there is every reason to believe it’s executives engaged in insider trading by selling stock prior to releasing the news about its massive data breach – AND – the company appears to have waited to release the information until they could benefit from the distraction of a hurricane tragedy,

    We hope President Trump will do something about this outrage.

    Liked by 2 people

  4. kdocburgess permalink
    October 4, 2017 7:57 am

    Reblogged this on Deplorables Seeking Justice-DSJ and commented:
    What is the worst that can happen? You cannot make this stuff up…

    Liked by 2 people

  5. petermac3 permalink
    October 4, 2017 11:24 am

    So what we should take comfort in knowing it is business as usual at the IRS. not unlike every other nest of bureaucratic corruption in our government. Seemingly this administration is too preoccupied with who knows what to take out the trash.

    Liked by 2 people

  6. October 4, 2017 11:53 am

    My brother, who finds alot more into than me on the net!, told me about this: Equifax CEO Hired a Music Major as the Company’s Chief Security Officer
    He said, “At least she could’ve devised a ‘music security code’ to protect the info, she didn’t even know to do that.”
    Seems that it was ‘set up’ from the beginning. Look at all the $$$$ they get for hiring a ‘pasty’ who’ll probably take the blame. The MO of the ‘evils that are’ working 24/7.
    I wonder how much $$$$ those ‘heads’ in the IRS made personally. Biz as normal in a corrupt system.
    Also, if you view that site’s main page you’ll see: US Studying Ways To End Use of Social Security Numbers For ID. That means ‘Minority Report’ eye and facial recognition coming in. One ‘oops’ brings in another Agenda success and step forward to their Tower of Power remake. (Gen 11)

    Liked by 3 people

    • October 4, 2017 6:43 pm

      I would not be surprised if this whole thing was a setup. I also saw the story of SSN going away but it didn’t even occur to me that this could lead to eye and facial recognition!

      Liked by 2 people

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