Two New York women file suit against Equifax over massive data breach
- Author: Ronnie Bowen Sep 12, 2017,
Sep 12, 2017, 0:36
The company said late yesterday that they had not been informed of the incident.
Equifax said it is alerting customers whose information was included in the breach via mail, and is working with state and federal authorities.
Thursday after the company had reported a data breach hack that potentially affected private and secured information of almost 143 million people. By exploiting a website application vulnerability, hackers gained access to certain information such as names, Social Security numbers, birth dates, addresses, and in some instances, driver's license numbers and credit card numbers. But the site provides responses even for bogus names and numbers (such as "Trump" and "123456"), leading to questions about its accuracy. I would also encourage anyone who chooses to sign up for the services Equifax is offering to not rely exclusively on it for credit and identity protection.
Companies struck by big data breaches usually bring in a small army of outside help long before notifying the public, including lawyers, public relations specialists and consultants adept at managing communications with regulators and law enforcement.
"We know that 367,737 Montanans were affected by the Equifax data breach", said Mark Mattioli, chief of Montana's Office of Consumer Protection.
A freeze takes your credit report out of circulation. When you plan to apply for a credit card, mortgage, or other loan you'll need to go back to each site and lift the freeze.
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Equifax did not immediately respond to a request for comment Friday. On Monday, it said in a blog post it's "listening to issues consumers have experienced and their suggestions" and had made changes, such as increasing call center support.
Meanwhile, the implied volatility spread between Equifax's stock and an exchange-traded fund tracking the benchmark S&P 500 has risen to the highest in more than six years.
"The breach at Equifax is another reminder that information that isn't properly protected will be stolen".
Security experts are recommending consumers whose data was stolen place credit freezes on their accounts. The intruders also accessed dispute documents with personal identifying information for about 182,000 consumers. The credit profiles it holds contain personal information, like how much people owe on their houses and whether they have court judgments against them. The company has found no evidence of unauthorised activity on Equifax's core consumer or commercial credit reporting databases.
Run your credit reports.
While a chunk of the U.S. population now risk their SSNs ending up in the hands of identity thieves and, perhaps, the dark web, the breach can be yet again an eye opener to consumers across the globe, including India. "I can also use it to try to con somebody else".
It discovered the hack July 29, but didn't publicly announce it until more than a month later.