A pedestrian walks past credit card logos posted on a downtown storefront in Atlanta. Photo: David Goldman / AP

Equifax learned about a massive breach of its systems in March, which a source "familiar with the situation" said was perpetrated by the same intruders that were responsible for the massive breach in July, according to Bloomberg.

What they're saying: In a statement, the company said the March incident was unrelated to the July hack that exposed personal identifying information of up to 143 million Americans. Equifax hired Mandiant, a security firm, in March and again recently to assess the July breach, according to Equifax.

In March, the U.S. Computer Emergency Readiness Team identified the vulnerability exposed in the July hack. Equifax worked to patch that vulnerability, the company said last Friday.

Worth noting: Equifax has said three executives who sold a combined $1.8 million in stock after the July breach weren't aware of any breaches before taking that step. Bloomberg notes that the new revelations could make that harder to argue.

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Dan Primack, author of Pro Rata
3 mins ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Wednesday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

58 mins ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

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