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Old 01-30-2013, 09:28 PM  
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PSA: Your employer may share your salary, and Equifax might sell that data

http://redtape.nbcnews.com/_news/201...that-data?lite

EXCLUSIVE: Your employer may share your salary, and Equifax might sell that data

The Equifax credit reporting agency, with the aid of thousands of human resource departments around the country, has assembled what may be the most powerful and thorough private database of Americansí personal information ever created, containing 190 million employment and salary records covering more than one-third of U.S. adults.


Some of the information in the little-known database, created through an Equifax-owned company called The Work Number, is sold to debt collectors, financial service companies and other entities.
"It's the biggest privacy breach in our time, and itís legal and no one knows itís going on," said Robert Mather, who runs a small employment background company named Pre-Employ.com. "It's like a secret CIA."


Despite all the information Americans now share on social media and websites, and all the data we know companies collect on us, one piece of information is still sacred to most people: their salaries. After all, who would post their salary as a status update on Facebook or in a tweet?


But salary information is also for sale by Equifax through The Work Number. Its database is so detailed that it contains week-by-week paystub information dating back years for many individuals, as well as other kinds of human resources-related information, such as health care provider, whether someone has dental insurance and if theyíve ever filed an unemployment claim.



In 2009, Equifax said the data covered 30 percent of the U.S. working population, and it now says The Work Number is adding 12 million records annually.
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