Following Equifax Breach, AG Sends Data Security Inquiries to Experian, TransUnion

Two Equifax executives have retired in the wake of a massive data breach that compromised the personal and financial details of 143 million Americans
Three Equifax Managers Sold Stock Before Cyber Hack Revealed
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20 September, 2017

It recently announced that hackers had gained access to consumers' Social Security numbers, birthdates and other information.

A rush of lawsuits have also been filed against Equifax on behalf of consumers and shareholders.

The legislation has been endorsed by several organizations including the National Consumer Law Center, U.S. Public Interest Research Group, Consumer Action, Americans for Financial Reform, National Association of Consumer Advocates and the Consumer Federation of America.

Connecticut Attorney General George Jepsen and more than 30 others in a state group investigating the breach acknowledged that Equifax has agreed to give free credit monitoring to hack victims but pressed the company to stop collecting any money to monitor or freeze credit. The credit card numbers of about 209,000 people and certain dispute documents with personal identifying information of 182,000 were also compromised in the hack.

Equifax has been under intense scrutiny for almost two weeks since disclosing the breach, which went unnoticed for more than a month before it was discovered at the end of July.

Equifax, under pressure over how it's handled the breach, now says it is allowing customers to freeze their credit reports for free for the next 30 days. Equifax said that Susan Mauldin, who had been the top security officer, and David Webb, the chief technology officer, are retiring.

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Like Sanders, Booker, Harris and Warren have all been floated as potential Trump challengers in the 2020 presidential race. Senators Kamala Harris , Sheldon Whitehouse , and Elizabeth Warren declared their support for the bill last week.


A spokesman for the U.S. Attorney General in Atlanta would only say that federal prosecutors there are working with the FBI to conduct a criminal investigation of the cyber breach and resulting theft of personal information.

Federal Trade Commission probe: In an unusual move, the FTC said last week that it has opened a probe into the Equifax debacle.

MA and other states: Maura Healey, the attorney general of MA, filed the first state lawsuit against Equifax on Tuesday.

It is unknown who was responsible for the hack disclosed earlier this month.

The Office of the Privacy Commissioner of Canada (OPC) officially opened an investigation into the Equifax breach on September 15 after receiving complaints from Canadians. At least two congressional hearings are slated for the coming weeks.


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