Equifax breach caused by lone employee's error, former CEO says

12 October, 2017, 01:05 | Author: Brenda Erickson
  • Equifax has announced the results of a review which show that more consumers may have been caught up in last month's┬ámassive data breach

When the breach was originally disclosed to the public, the total number of affected consumers stood around 143 million people.

Equifax's information security department ran scans that should have identified any systems that were vulnerable but failed to identify any flaws in the software known as Apache Struts.

"Equifax profits when consumers are victims of fraud by offering protection services so that they're able to make a buck even after data breach".

Last week, Smith stepped down from Equifax, and is leaving with a golden parachute that might be worth more than $18 million, Bloomberg reported.

Equifax has said about 145.5 million people in the USA, 400,000 in the United Kingdom and about 8,000 in Canada may have had their data compromised in attacks that occurred between May and July.

Credit reporting firm Equifax has revealed that around 2.5 million more people may have been affected by the massive security breach that they suffered between mid-May and 29 July.

"Senator, if I may clarify, the arbitration clause is in a series of products that we offer to consumers where consumers have options", Smith responded.

Facebook and Instagram back online after widespread outage
Websites like Down Detector and Outage Report have had high numbers of users reporting the outages. The social media giants have been faced with worldwide outages since late Wednesday morning.


Smith appeared before the House energy and commerce ommittee on Tuesday, where he expressed his remorse and desire to made things right, but had frequent testy exchanges with lawmakers.

The review "also has concluded that there is no evidence the attackers accessed databases located outside of the United States", the Equifax statement said. "You're just required to notify everybody and say, 'So sorry, so sad, '" Rep. Joe Barton told Smith.

During the hearing, Smith defended Equifax, saying the monitoring business only accounts for a small portion of their services.

Equifax keeps a trove of consumer data for banks and other creditors who want to know whether a customer is likely to default.

The company previously said that around 400,000 United Kingdom consumers may have been caught up in the breach.

On Tuesday, he apologized for the personal data being breached, and said it took weeks for the credit bureau to realize how widespread the hack was. Walden said in opening remarks at the hearing.

Smith said he would expect Equifax to "cooperate" with "particular legislation that arises out of this horrific breach".

Recommended:



Popular

SCOTUS Tosses One of the Challenges to Travel Ban
The court's directive did not indicate a second ruling, by a panel of the U.S. The court may then also vacate that ruling. Court of Appeals for the 9th Circuit.

Giants WR Odell Beckham Jr. Carted Off Field After Ankle Injury
The Giants added Tavarres King and Travis Rudolph to replace Beckham and Harris on the active roster. The Giants coach also confirmed that Beckham will be undergoing surgery at some point this week.

Little girl getting news of forever home goes viral
The couple said they hope the adoption will be finalized next month. The Fishers had been Tannah's foster parents for two years.

United Kingdom race relations: Major report on inequality set to be published
On Tuesday, Mrs May will say the government and institutions must " explain or change " the differences. Its aim is to challenge society to " explain or change " the racial inequalities it unearths.

Barcelona set sights back on Philippe Coutinho
The latest report from Mundo Deportivo indicates that Couts made a verbal agreement with Liverpool to leave in January. If this is the case [If Barcelona sign players in January] we have to generate income and maybe someone have to leave.

Josh Gordon Says Baylor Football Coach Helped Him Cheat Drug Test
I had the desire to get help, invest myself 100% into whatever was going to help save my life. Gordon went into detail about his time at Baylor and says a coach helped him beat drug tests.

Eminem Rips Into Donald Trump With Scathing Freestyle Rap
The video, which played during Tuesday night's BET Hip Hop Awards , had more than 4 million views on YouTube Wednesday morning. The 44-year-old rapper has previously taken a swipe at Trump in 2016, in nine-minute freestyle titled 'Campaign Speech' .

Toddler left in Utah corn maze
The boy was visiting the maze in West Jordan on Monday, Oct. 9, with a large family group, but was left behind. The next morning, a woman called the police at about 7:45 a.m. and said she couldn't find her little boy.

Common Thinks Dalls Cowboys Owner Jerry Jones Has Slave Owner Mentality
The president has tweeted several times since then to keep the issue in play, and said Pence's walkout was at his request. He compared the funds to when governments provide subsidies to move an auto plant from one state to another.

The iPhone X's notch already works
But once the iPhone X manufacturing issues are resolved, the phone's sales will likely to pick up in the first half of 2018. He stated in a note to MacRumors that the 2018 iPad Pro will probably come with a TrueDepth camera and the FaceID feature.