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Equifax data breach: Credit rating firm replaces key staff

Equifax data breach: Credit rating firm replaces key staff

Technology
US credit report giant Equifax has replaced two senior staff after revealing last week it had suffered a massive data breach.Data on up to 143 million Americans, about 400,000 Britons and a number of Canadians may have been stolen by hackers between mid-May and July.The chief information officer and chief security officer have both stood down.Equifax faces dozens of legal claims over the breach, which the US Federal Trade Commission is investigating.Social security numbers, birth dates, addresses and driving licence numbers for up to 143 million Americans were exposed, the Atlanta-based firm says.Credit card numbers for about 209,000 Americans and "certain dispute documents with personal identifying information" for some 182,000 Americans were also accessed by the hackers, it adds.Lenders ...
Getting up to speed on the Equifax data breach scandal

Getting up to speed on the Equifax data breach scandal

Technology
Equifax has been scrambling to explain itself since disclosing last week that it exposed vital data about 143 million Americans — effectively most of the U.S. adult population. It's come under fire from members of Congress, state attorneys general, and people who are getting conflicting answers about whether their information was stolen. The company keeps track of the detailed financial affairs of all Americans in order to gauge how much of a risk they are for borrowing money. That means it and its competitors, TransUnion and Experian, are a detailed storehouse of some of the most personal and sensitive information of Americans' financial lives. And all of it could be used for identity theft. Here's the latest on what you need to know about the breach: WHAT EQUIFAX IS SAYING Equifax is try
What you need to know about the Equifax data breach

What you need to know about the Equifax data breach

Technology
Equifax, one of the three main credit reporting companies, said this week that a major data breach exposed Social Security numbers and other important information of millions of people. The breach affected about 143 million in the United States, as well as some people in Canada and the United Kingdom, but Equifax didn't provide a number. Hackers had access to the data between May and July, Equifax said. The company discovered the hack on July 29 and publicly announced it more than a month later on Thursday. Here's what else you need to know about the breach: ——— WHAT INFORMATION WAS TAKEN? Hackers had access to Social Security numbers, birth dates, addresses, driver's license numbers, credit card numbers and other information. Those are all crucial pieces of personal data that criminals c
Massive Equifax data breach hits 143 million

Massive Equifax data breach hits 143 million

Technology
About 143 million US customers of credit report giant Equifax may have had information compromised in a cyber security breach, the company has disclosed.Equifax said cyber-criminals accessed data such as Social Security numbers, birth dates and addresses during the incident.Some UK and Canadian customers were also affected.The firm's core consumer and commercial credit databases were not accessed.Security checksEquifax said hackers accessed the information between mid-May and the end of July, when the company discovered the breach. Malicious hackers won access to its systems by exploiting a "website application vulnerability", it said but provided no further details. The hackers accessed credit card numbers for about 209,000 consumers, among other information.Equifax chief executive Richar...
Equifax data hack 'an unmitigated disaster'

Equifax data hack 'an unmitigated disaster'

Business
A cyber attack on a credit rating agency threatening the data of up to 44 million people in the UK has been branded an "unmitigated disaster" by security experts.The response of US-based Equifax to the massive breach, in which it lost the personal information of 143 million people to hackers, has also been criticised.The hack compromised a wealth of personal data, including names, birthdays, addresses and social security numbers - as well as credit card numbers for more than 200,000 people.The firm admitted UK consumers were affected by the breach but did not say how many, however the company is understood to hold the data of 44 million British consumers.Video:Minister says it is 'incredibly important' people know how to react to hackBritish customers of companies, including BT, Capital On...