Equifax CEO retires following massive cyber attack

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(Reuters) – U.S. credit reporting firm Equifax Inc said on Tuesday its Chief Executive Richard Smith will retire, a week before he was expected to testify before a Senate Banking Committee in the wake of a massive cyber attack.

Equifax disclosed earlier this month that personal details of up to 143 million U.S. consumers were accessed by hackers between mid-May and July, in one of the largest data breaches in the United States.

“At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward,” Smith said.