Equifax data breach “bigger than thought”

The EPA

Equifax has revealed 2.5 million more Americans that we could have information compromised in a huge cyber-security breach to the farm.

The credit reporting giant, said Monday about 145.5 million of its customers might have been affected, against a previous estimate of $ 143 million.

The update came a day before the former boss of Richard Smith testifies in Congress about the attack.

Mr. Smith has presented his apologies in advance of the hearing of the company’s failures.

Critics say that the company has failed to take the appropriate measures to protect the information – such as Social Security numbers, birth dates and addresses – and waited too long to inform the public.

Equifax disclosed the attack last month, saying that nearly 400 000 British and 100 000 Canadians may also have data compromised.

On Monday, the company increased its estimate for U.S. customers, but has lowered to only 8 000 Canadians after further investigation.
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In a speech prepared for the Congress, which was published on Monday, Mr Smith urged the united states to adopt new standards for the customer credit information.

Mr. Smith, who resigned last month, said the attack made him believe that consumers have the right to exclusive control when their credit information may be accessed. What happened to the attack?

The testimony of Equifax, the former chief executive officer and president has also proposed a chronology of the incident.

Mr. Smith said the first attack took place in May, with the pirates taking advantage of a software vulnerability Equifax has been warned about this in March and did not address.

Equifax identified an intrusion on the 29th of July. Mr. Smith said he has learned about the problem two days later.

A survey commissioned by the company revealed the extent of the attack in mid-August.

Mr. Smith said Equifax in the face of a “massive” task of preparing to respond to customers. Similarly, the company has been overwhelmed by calls after the breach became public, and are facing problems with the web site, it is created to deal with complaints from customers.

Equifax has data on more than 820 million consumers, as well as information on the 91-million companies.