New, Unsettling Details Released in Major Equifax Breach

consumer
October 02, 2017Oct 02, 2017

Equifax, a worldwide consumer credit reporting agency, was the subject of a major data breach in early September of 2017. This multibillion-dollar corporation was hacked, putting millions of American consumers’ personal information at risk.

Originally, compromised sensitive information including social security numbers, driver’s license numbers, and other forms of identity information, were believed to have impacted 143 million consumers. This was previously declared one of the largest risks to personal information in years.

New, unsettling details were released regarding this major breach on Monday, October 2nd.

According to USA Today, an additional 2.5 million American consumers were potentially impacted. This was discovered after a complete review of the incident was conducted.

Following this newly released information, over 145 million consumers were possibly affected. To clarify, this is not a separate hacking, just victims who were not previously accounted for.

https://twitter.com/AP/status/914958427050397696

The company’s interim CEO, Paulino do Rego Barros Jr. released the following statement:

"I was advised Sunday that the analysis of the number of consumers potentially impacted by the cybersecurity incident has been completed, and I directed that the results be promptly released. Our priorities are transparency and improving support for consumers. I will continue to monitor our progress on a daily basis."

CNBC reported that Barros also assured Equifax is working on security improvements. He stated, "I want to apologize again to all impacted consumers. As this important phase of our work is now completed, we continue to take numerous steps to review and enhance our cybersecurity practices. We also continue to work closely with our internal team and outside advisors to implement and accelerate long-term security improvements.”

Equifax’s former CEO Richard Smith reportedly retired in the wake of the breach. He is scheduled for a court hearing at the beginning of October after multiple investigations and lawsuits were filed in relation to the breach. Smith was at first under fire for delaying his notification to the Board of Directors and consumers, when he knew about the hacking weeks before the information went public.

This comes as a reminder to take extra precautions with personal accounts and services holding sensitive information. Remember to change your passwords often using a variety of characters, check your credit score frequently, monitor your bank accounts consistently, and request assistance from another party if necessary.

What do you think about this new information on the Equifax data breach? Share your thoughts in our Facebook comments. If you know someone at risk, please share this information with friends and family. Thank you!

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