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Equifax ousts CEO in wake of cybersecurity breach

Equifax has ousted CEO Richard Smith following the credit reporting agency's announcement earlier this month of a massive security breach, The Associated Press reports. Equifax's response to the breach, which affects an estimated 44 percent of the U.S. population, has been heavily criticized.

Additionally, the Justice Department has opened an investigation into whether or not three Equifax executives who sold $1.8 million in stock just days after the breach broke insider trading laws. Smith served as CEO since 2005; Paulino do Rego Barros Jr. will serve as interim CEO.