US: Equifax hack exposes details of 143 million

Discussion in 'North American scam news' started by Central Scrutinizer, Sep 8, 2017.

  1. Central Scrutinizer

    Central Scrutinizer Administrator Staff Member

    (Reuters) - Equifax Inc <EFX.N>, a provider of consumer credit scores, said on Thursday a hack exposed the personal details of potentially 143 million U.S. consumers between mid-May and July.

    The company’s shares were down 5.4 percent in after-market trading

    The company said criminals had accessed details including names, social security numbers, and, in some cases, driver’s license numbers.

    In addition, credit card numbers of around 209,000 U.S. consumers and certain dispute documents with personal identifying information of around 182,000 U.S. consumers were accessed, the company said.

    Equifax also said personal information of certain UK and Canadian residents were also hacked.

    The Atlanta-based company it would work with UK and Canadian regulators to determine the next steps.

    Equifax, which discovered the unauthorized access on July 29, said it had hired a cybersecurity firm to investigate the breach.

    The company said there was no evidence of a breach into its core consumer or commercial credit reporting databases.

    The breach could be one of the biggest in the United States.....
  2. Sphinx

    Sphinx Administrator Staff Member

    Equifax Clarifies Policy After Outcry Over Consumers’ Legal Rights Following Hack

    When the company offered victims of the hack a free service, many pointed out a problematic clause in its terms of use.

    By Carla Herreria

    Equifax issued a statement Friday saying that victims of a recent massive security breach won’t have to waive their right to file a class action lawsuit against the company, after people noticed language buried in Equifax’s terms of service that barred customers from doing so.

    “We have made it clear that the arbitration clause and class action waiver included in the Equifax and TrustedID Premier terms of use does not apply to this cybersecurity incident,” the company said in an update to its website.

    Equifax announced Thursday that it had discovered in July it was the victim of a massive hack that exposed the personal information of an estimated 143 million Americans. Social Security numbers and credit card numbers were among the information exposed.

    The company offered those affected by the hack a free one-year subscription to its credit-monitoring service TrustedID Premier. Those who opt to use Equifax’s free service will be charged after a year if they do not actively cancel their subscriptions.

    Shortly after the announcement, people on social media pointed out the arbitration clause buried in the product’s terms of use, which bars customers from participating in any class action lawsuits against the company.

    Equifax clarified its terms of use after New York Attorney General Eric Schneiderman on Friday called the language in question “unacceptable and unenforceable.”

    Later Friday, Schneiderman said he was launching a formal investigation into Equifax’s security breach and encouraged all of Equifax’s customers to reach out to the company to see if they were affected.....
  3. Kat

    Kat Administrator Staff Member


    If you’re hoping to just ride out the Equifax breach scandal and do nothing about it, you might not have a problem next week or next month. Or even next year.

    Since the credit reporting company Equifax EFX, -1.67% announced last Thursday it had been affected by a data breach earlier in the summer that potentially affected 143 million U.S. adults, consumers have had many questions about how to protect themselves. Some have not even been able to freeze their credit reports, as security experts have suggested, because Equifax and the other two credit bureaus TransUnion TRU, -1.35% and Experian EXPN, -4.83% have been overloaded with calls and credit-freezing requests they were unable to handle.

    As a result of frustration, or maybe naiveté about the risks, some have decided to stop trying. “You can do nothing, and then you’ll be a sitting duck,” said Adam Levin, a consumer advocate and chairman of security firm CyberScout. “If you could do something preventative, as opposed to ending up in the hospital and having to do something reactive, wouldn’t you rather do something preventative?”

    If you don’t take any steps? This is what could happen....

    Financial identity theft
    Criminal identity theft

  4. Quark

    Quark Moderator Staff Member

    Yeah that seems to be the question of the moment: to freeze or not to freeze.
  5. Central Scrutinizer

    Central Scrutinizer Administrator Staff Member

    Now it appears that U.K. residents have to worry about some of their data being exposed. :mad:

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