Following data breach, 36 Senators request investigation into Equifax stock sales

Sep 15, 2017, 00:36
Following data breach, 36 Senators request investigation into Equifax stock sales

That is how many USA consumers Equifax says could potentially be impacted by a data breach that occurred in mid-May and lasted until July 29 when the company discovered it.

Credit agencies Experian and also rely on Apache Struts. "CAA did not handle or retain any of the information provided to Equifax", said Ian Jack, CAA managing director of communications and government relations.

The organization says it has been trying since the first reports of the Equifax breach surfaced to determine if it affects any of the approximately 10,000 CAA members who signed up for the program.

In an updated statement released today, the PMC said that after Equifax confirmed that "the vulnerability was Apache Struts CVE-2017-5638" on 13 September 2017", but followed this saying: "this vulnerability was patched on 7 March 2017, the same day it was announced.

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But the revelation that their system was hacked via the bug could suggest that the firm failed to update its Web applications to install the patch when it was released.

The vulnerability was a critical weakness for many large websites that were built using the software.

"We continue to work with law enforcement as part of our criminal investigation, and have shared indicators of compromise with law enforcement", the website said.

The company, which safeguards financial data for consumers applying for credit, said it learned of the breach on July 29 and "acted immediately" with the assistance of an independent cybersecurity firm to assess the impact.

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The majority of America's adult population was affected by the credit bureau's breach.

Equifax, a credit monitoring service, says 143 million Americans may have had personal information exposed during a data breach.

Equifax Canada's website says that "only a limited number of Canadians may have been affected" and it is working to find out how many. The stock has dropped 34 percent since the company announced last week that hackers accessed sensitive data including Social Security numbers.

Equifax CEO Richard Smith has agreed to testify on October 3 before a U.S. House of Representatives panel, the company said Thursday. We pride ourselves on being a leader in managing and protecting data, and we are conducting a thorough review of our overall security operations'.

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The portal, which let Equifax employees in the Latin American country manage customer credit report disputes, was "protected by perhaps the most easy-to-guess password combination ever: 'admin/admin, '" Krebs wrote.