This week, Richard Smith, the former CEO and chairman of the board at embattled credit-reporting bureau Equifax, is set to testify before three Congressional committees over the company's massive data breach. In written testimony submitted before Tuesday's hearing, Smith says "human error and technology failures" led to the breach.
The breach at Equifax, which the company first disclosed on Sept. 7, exposed 143 million U.S. consumers' personal details, including Social Security numbers.
The hearings will likely focus on Equifax's information security practices, breach response, data obtained by hackers, as well as the suspicious timing of stock sales by three top executives.
Smith, who "retired" last week, is due to appear before the House Energy and Commerce Committee on Tuesday, followed by the Senate Banking Committee on Wednesday and the House Financial Services Committee on Thursday. At all three hearings, Smith - now listed as being "adviser to the interim CEO and former chairman and CEO of Equifax" - is the sole witness being called.
When Smith retired, he handed the reins to Paulino do Rego Barros, who will serve as interim CEO until the board finds a permanent replacement. Smith, meanwhile, has agreed to advise Equifax for 90 days.
Prior to his resignation, Smith had written that the breach was the "most humbling moment" in the history of 118-year-old Equifax.