Published: Wed, September 20, 2017
IT | By Jonathon Greene

Equifax breach prompts Congress to consider making all credit freezes free

Equifax breach prompts Congress to consider making all credit freezes free

"Consumers, who are at absolutely no fault in this situation, should not have to pay anyone especially Equifax to either monitor or to freeze their credit", said Jackley.

It may also bear on the investigation into unusual stock sales by several Equifax executives in the days following the discovery of the May incident.

Equifax Canada said the information includes names, addresses, social insurance numbers (SIN) and, in limited cases, credit card numbers.

The two most senior security roles have since been filled by the credit rating firm, with the world still stunned by the scale of the breach that also affected around 400,000 people in the UK.

The disclosure was swiftly met with criticism because of the delay in alerting the public to the hack, as well as problems with the website Equifax set up for people to check whether their details were at risk. "The criminal hacking that was discovered on July 29 did not affect the customer databases hosted by the Equifax business unit that was the subject of the March event".

According to Bloomberg, the department is looking at sales by Equifax Chief Financial Officer John Gamble, President of US Information Solutions Joseph Loughran, and President of Workforce Solutions Rodolfo Ploder.

Canada's privacy commissioner said Friday that it started a probe into the cyberattack, one day after the US consumer watchdog said it was investigating.

Federal investigations: Equifax is being investigated by both the Department of Justice and the FBI.

That's just one scam you might see after Equifax's recent data breach.

Equifax has previously said the executives "had no knowledge that an intrusion had occurred" at the time they sold their shares. It's not entirely clear why Equifax was unable to patch the known vulnerability in March, before attackers exploited the dispute portal web application in May.

In a statement also issued on September 15, Equifax noted that in the United Kingdom (UK) it would likely only to need to contact approximately 400,000 customers about the potential impact of the data breach.

Like this: