Equifax says only 8000 Canadians affected by data breach

Equifax Announces Cybersecurity Firm Has Concluded Forensic Investigation Of Cybersecurity Incident | Equifax

If millions of consumers are fretting that the Equifax data breach has potentially put everything from their Social Security numbers to credit card data into criminal hands, one party seems noticeably less concerned: the US government.

Congress also questioned Smith on why three Equifax executives sold company stock shortly after the data breach, why it took so long for the company to inform the public, and what the company plans to do to better the future.

"I have no indications that they had any knowledge of the breach at the time they made the sale", he said.

The company has since offered free credit locking services for those affected by the breach, but lawmakers have questioned whether Equifax was equipped handle the influx of consumer queries about their data.

Security personnel noticed suspicious activity on July 29 and disabled web application a day later, ending the hacking, Smith said.

He emphasized that data held in what he called Equifax's core consumer and commercial reporting databases wasn't hacked. From mid-May through July, an as yet unidentified hacker group gained access to a large swathe of this data-including names, birthdates, street addresses, credit card numbers, and Social Security numbers-the company disclosed last month.

"Equifax deserves to be shamed in this hearing, but we should also ask what Congress has done, or failed to do, to stop data breaches from occurring", Congresswoman Jan Schakowsky said.

For three hours, Republicans and Democrats on a House Energy and Commerce subcommittee blasted Equifax for allowing its trove of consumer data to be hacked and then bungling the rollout of measures to help consumers deal with the breach.

Equifax also faces several state and federal inquiries and numerous class-action lawsuits. A more comprehensive service, a credit freeze, blocks access to credit files unless a consumer provides a personal identification number to the agency.

Richard Smith, who retired last week, apologised repeatedly for the breach.

Equifax Inc. said Monday that it has revised down the number of Canadians affected by its high-profile data breach and now puts the number at about 8,000 customers. He conceded that the company had inadequate business practices when it came to patches and more.

The company neglected to patch key software, leaving consumer data vulnerable, and Equifax's security scanners did not detect the vulnerability, Smith said. He said more than 400 million consumers contacted the company in the weeks since the announcement of the breach.

Congressman Greg Walden sought clarification of that statement, asking "Does that mean that that individual knew the software was there, and it needed to be patched, and did not communicate that to the team that does the patching?" The state of NY has reportedly issued a subpoena against Smith and San Francisco has filed a lawsuit on behalf of its citizens, over 15 million of whom were affected by the breach.

The Summit Credit Union, which has 34 branch locations in Wisconsin, is suing Equifax, asking that it cover any financial loss it will incur due to the breach.

Related news:

Hot News

isis-killer-beheading-video-story-top New York Jets vs Jacksonville Jaguars
Oct 02, 2017 - 18:35
Powell's long of 75 yards was the second-longest run in team history, and McGuire added a 69-yard scamper of his own. That is the best way to explain what happened to the Jets on Sunday afternoon against the Jacksonville Jaguars .

isis-killer-beheading-video-story-top Separatist group urges Catalan leaders to declare independence following poll
Oct 02, 2017 - 14:13
Leader Puigdemont changed plans and voted at a different station after the police action, the regional government said. Hundreds of policemen were sent to Catalonia to close polling stations and prevent the arrival of voters.

Steelers at Ravens: Highlights, score and recap
Oct 02, 2017 - 10:43
That stings, because Baltimore truly did look like a legitimate championship contender at the start of the season. This is the type of game that could be won or lost by the unexpected variables: penalties, injuries and turnovers.

isis-killer-beheading-video-story-top Cam Newton shuts down interview request after win against Patriots
Oct 02, 2017 - 09:49
The 50 rushing touchdowns are the second-most in the National Football League since Newton was the first pick of the 2011 draft. Even though the Patriots couldn't get the win, they once again showed that they are in every game until the clock hits zero.