The Hill: “The House Oversight and Government Reform Committee, following a 14-month probe, released a scathing report Monday saying the consumer credit reporting agency aggressively collected data on millions of consumers and businesses while failing to take key steps to secure such information. The breach is estimated to have harmed 148 million consumers.

“In 2005, former Equifax Chief Executive Officer (CEO) Richard Smith embarked on an aggressive growth strategy, leading to the acquisition of multiple companies, information technology (IT) systems, and data,” according to the 96-page report authored by Republicans. “Equifax, however, failed to implement an adequate security program to protect this sensitive data. As a result, Equifax allowed one of the largest data breaches in U.S. history. Such a breach was entirely preventable.”…