The sale of nearly $2 million in corporate stock by high-level Equifax executives shortly after the company learned of a major data breach has sparked public outrage that could turn into another hurdle for the credit rating agency.
Cyber-focused lawmakers moved swiftly Thursday and Friday to respond to an enormous data breach at the credit rating agency Equifax, which could affect up to 143 million people, or about 44 percent of the U.S. population.
(BNA) -- A massive cyberattack against Equifax Inc. that affected almost half of the U.S. population may push Congress to pass a national data breach notification law, cybersecurity professionals and attorneys told Bloomberg BNA today.
One of the largest-ever data breaches in U.S. history sent shares of Equifax sharply lower Friday following Thursday’s disclosure.
Shares were down about 14 percent at 10:30 a.m. Friday the morning after the Atlanta-based credit reporting giant said a breach exposed the personal information of 143 million U.S. consumers.
Nearly half the US woke up Friday to find out their Social Security number might have been stolen, thanks to hackers who breached the database of a top credit monitoring service.
Equifax is one of three major credit monitoring companies, which victims of data breaches typically turn to for protection. Now it's lost the Social Security numbers, names, addresses and birth dates of up to 143 million people in the US alone. Folks in Canada and the UK have also been affected.
New York state's attorney general will probe the huge data breach at Equifax, one of the U.S.’s three major credit reporting agencies, to determine when and how the company learned of the attack and to find out whether customer information has been offered for sale on the black market, a source familiar with the investigation tells Newsweek.
(Reuters) - Equifax Inc (EFX.N) faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with customers clamoring for answers and cyber security experts questioning the response to the massive breach.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) announced Friday that the panel will hold a hearing on the Equifax breach that exposed the personal data of more than 140 million customers.
Hensarling called the breach “a very serious and very troubling situation” and said the committee had already begun preparing.
Financial Services Committee staffers received a briefing from Equifax employees on the breach on Friday per their request, a spokesman told The Hill, and a date for a hearing is expected to be announced soon.