Equifax was hacked five months earlier than date it disclosed

by Linda Olson September 20, 2017, 0:31
Equifax was hacked five months earlier than date it disclosed

Credit rating giant Equifax has swapped out its chief security and chief information officers following the growing data breach scandal that saw sensitive information on 143 million people being leaked.

One of Bloomberg's sources said that both hacks involved the same perpetrators.

Mandiant was reportedly engaged to investigate the March breach and could have begun concluding its investigation just before the second breach occurred in May.

"We apologize to Canadian consumers who have been impacted by this incident", said Lisa Nelson, president and general manager of Equifax Canada. However, it said it "complied fully with all consumer notification requirements" related to the March breach. The incident was reported to customers, affected individuals and regulators.

It may also bear on the investigation into unusual stock sales by several Equifax executives in the days following the discovery of the May incident. "The two events are not related".

The breach was first discovered at the end of July. But the company has been scrambling to respond to the growing public outcry over the breach and how its disclosure was handled.

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Equifax disclosed Friday that the personal details of up to 400,000 Brits may have been compromised. It recently announced that hackers had gained access to consumers' Social Security numbers, birthdates and other information.

It was the first estimate of Canadian exposure the company has provided since saying on September 7 that Canadian and United Kingdom residents were also at risk in the attack, in which details on some 143 million USA consumers had been exposed.

Prosecutors are looking at the stock sales by Equifax Chief Financial Officer John Gamble; President of U.S. Information Solutions Joseph Loughran; and President of Workforce Solutions Rodolfo Ploder, said two people, who asked not to be named because the probe is confidential.

To make the freeze effective, you must place a freeze with all three credit reporting agencies - Equifax, TransUnion and Experian.

Equifax said it became aware of a security intrusion on July 29, and executives in the company sold approximately $1.8 million worth of stock in early August.


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