The FTC says it's investigating the Equifax hack

Ashley Carr
September 15, 2017

Be sure to periodically review the credit report, and always review it again before making an application for credit on a big purchase.Rutledge reminds Arkansans that the Attorney General's office has routinely referred individuals to one of three national credit bureaus, including Equifax, when they have fallen victim to identity theft.

The breach, which is believed to have occurred in May and discovered by company personnel a month later, led to the sale of large amounts of shares from senior company officials, including its President of U.S. Information Solutions, the Chief Financial Officer, and the President of Workforce Solutions.

The credit reporting behemoth has pinpointed the vulnerability in its system that hackers exploited in taking the personal information of 143 million Americans.

Sen. Mark Warner, D-Va., had asked the FTC to investigate the Equifax hack and the company's CEO, Richard Smith, has been invited to testify to the House Energy and Commerce Committee. "So if you print up a fake social security card and walk into a bank that the originator of that social security number has never done business with, you can easily open an account in their name and be them for all intents and purposes". "We know that criminals exploited a USA website application vulnerability". Equifax also hasn't shared any evidence to support this finding.

But the company has not provided further details, including how many Canadians may have been exposed. An emailed statement from the credit-monitoring agency said the executives "had no knowledge" of the breach beforehand.

Sloane Stephens Just Won the US Open in an Incredible Comeback
Serena Williams is planning to come back on the circuit next year, according to her coach Patrick Mouratogolou . I told her I wish it could be a draw and if it was the other way around she'd do the same.

According to Reuters: "The FTC typically does not comment on ongoing investigations". Once inside the portal, researchers from Hold Security found that they could view the names of more than 100 Equifax employees in Argentina, as well as their employee ID and email address, reported Brian Krebs.

Some state authorities and several law firms have already announced lawsuits against Equifax.

In response to consumer challenges, Equifax announced the following updates: adjusting how a PIN is generated for consumers initiating a security freeze solution, ramping up call center support and a more prominently featured link from the website.

"We're talking about the gateway to all of your financial information in your life", said Weeks, who is the principal of communication firm Weeks Media Group.

Other reports by My Hot News

Discuss This Article