Equifax Inc. — Ethics Grade F

Equifax Inc. receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 40
• privacy: 5
• consumer: 10
• environment: 50
• humanRights: 50

Documented incidents (3)

• Massive Data Breach (high, 2017) — A cybersecurity failure exposed the personal information, including social security numbers, of approximately 147 million consumers, leading to wide-scale identity theft risks.
• Inaccurate Credit Scores (medium, 2022) — The company sent millions of inaccurate credit scores to lenders, potentially impacting consumer ability to secure mortgages and auto loans.
• Fair Credit Reporting Act Violations (medium, 2013) — Fined by the CFPB for misleading consumers into signing up for expensive credit monitoring services under the guise of free credit reports.

Documented good deeds

• Financial Inclusion Initiative — Introduced 'Equifax Cloud' to help underbanked individuals build credit profiles using alternative data like utility payments.

Ethical alternatives

• Credit Karma — Provides more transparent access to scores with fewer historical data security incidents.