Canada to Investigate Scope of Equifax Hack

No, Equifax isn't calling you. FTC warns of phone scam
Attorney General Tim Fox Has More Equifax Concerns
Author

20 September, 2017

Equifax disclosed earlier this month that it discovered a security breach on July 29. Equifax brought in FireEye-owned Mandiant to help investigate the first incident in March and did the same after it discovered the second attack during the summer.

Equifax (NYSE:EFX) learned about a major breach of its computer systems in March, almost five months before the date it has publicly disclosed, Bloomberg reports.

"Earlier this year, during the 2016 tax season, Equifax experienced a security incident involving a payroll-related service". The Democratic governor announced Monday that he's directed the state Department of Financial Services to issue new rules requiring credit reporting agencies to register in NY for the first time and to comply with the state's cyber security standards. "Consumers, who are at absolutely no fault in this situation, should not have to pay anyone especially Equifax to either monitor or to freeze their credit", said Jackley.

Specialist blog Krebs on Security was one of the few outlets to cover the breach at the time - when Equifax initially disclosed the hack to customers in May, two months later. Equifax shares have fallen 35% since the breach was disclosed on September 7 after the market close.

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"Equifax's internal investigation of this incident is still ongoing and the company continues to work closely with the FBI in its investigation", the company stated.

On Friday, the company announced that two executives, its chief information officer and chief security officer, would leave the company immediately.

The hack is also being investigated by the Federal Trade Commission, and has prompted promises for inquiries in both the Senate and House of Representatives.

While investigations into the Equifax data breach are ongoing, the FTC is warning consumers about the risk of fraudsters calling consumers claiming to be Equifax. They have also sought information about the Equifax executives who sold almost $1.8m (£1.36m) in stock just days after the firm discovered the hack, but weeks before it was made public. It's not entirely clear why Equifax was unable to patch the known vulnerability in March, before attackers exploited the dispute portal web application in May.


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