Security Breach at Equifax

Sep 8, 2017

143 million U.S. consumers may have had their personal information breached according to the Equifax. A “cybersecurity incident” allowed hackers to get names, Social Security numbers, birth dates, and other personal information. The hacking incident occurred “between mid-May and July.” Equifax discovered the breach on July 29. Equifax will offer “free identity theft protection and credit file monitoring to U.S. consumers.” A website has been created so consumers can find out if their information was exposed. Senator Mark Warner said, “It is no exaggeration to suggest that a breach such as this . . . represents a real threat to the economic security of Americans.” Warner said that it might be time for Congress to rethink data protection policies and to “create a uniform data breach notification standard.” Three senior Equifax executives sold shares worth almost $1.8 million in the days after the security intrusion was detected. Equifax released a statement saying that the executives did not know about the breach at the time they sold.