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Author Topic: Equifax Announces Cybersecurity Incident Involving Consumer Information  (Read 5196 times)
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« Reply #40 on: September 13, 2017, 01:25:31 PM »






Liz Moyer CNBC September 13, 2017    

Equifax shares sink 10% as Massachusetts prepares lawsuit over breach

The credit reporting company is struggling to contain the fallout from the disclosure of a data breach exposing the personal information of 143 million people.

Read More:

https://finance.yahoo.com/m/49580d8e-258b-36e5-9cf8-cf956bbdba38/equifax-shares-sink-10%25-as.html

« Last Edit: September 13, 2017, 01:27:12 PM by seahorse » Logged

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« Reply #41 on: September 13, 2017, 01:30:21 PM »


 
Equifax is tumbling after a top Senator asks for an FTC probe into the company

Seth Archer  Business Insider  September 13, 2017  3 comments


Equifax shares are tumbling after Senator Mark Warner (D-Va) asked the Federal Trade Commission to investigate the recent hack that impacted more than 143 million Americans, as well as the company's cybersecurity practices.

Read More:

https://finance.yahoo.com/news/equifax-tumbling-top-senator-asks-171100031.html
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« Reply #42 on: September 13, 2017, 01:41:01 PM »





Columnist Stu Bykofsky 
Social insecurity: You and me and the Equifax breach
Updated: September 13, 2017 — 1:27 PM EDT
http://www.philly.com/philly/columnists/stu_bykofsky/social-insecurity-you-and-me-and-the-equifax-breach-20170913.html
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« Reply #43 on: September 13, 2017, 04:38:23 PM »

 



How Equifax hackers could file taxes in your name and get a refund from the IRS

Market Watch September 13, 2017  study Viewer Reaction (51)

Here’s a good reason to file your taxes early this year. The data breach at credit bureau Equifax that may have affected 143 million U.S. adults could have lasting effects — including at tax time. If hackers gained access to the information on consumers’ credit reports, including their Social Security numbers, credit card numbers and driver’s license numbers, they could open credit accounts in consumers’ names, security experts have said. To guard against that, the Federal Trade Commission warned consumers Friday to file their taxes early — “as soon as you have the tax information you need, before a scammer can.” Tax scams are already a problem. They have caused “thousands of people” to lose

Read More:

https://finance.yahoo.com/m/ad7f678e-3472-3f98-9631-c81dda0de2b4/how-equifax-hackers-could.html

ME:  Idea Fingerprints!  The IRS needs to take our fingerprints for our identity instead of SSN. That should put the crooks out of business.  IMO
« Last Edit: September 13, 2017, 07:53:41 PM by seahorse » Logged

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« Reply #44 on: September 13, 2017, 07:55:20 PM »




Security Freeze vs. Fraud Alert: Deciding the Best Option

 

Consumer Reports  Jeff Blyskal  September 13, 2017

https://finance.yahoo.com/news/security-freeze-vs-fraud-alert-221626371.html
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« Reply #45 on: September 13, 2017, 08:01:20 PM »



Sep 13, 2017 @ 10:04 AM 5,020

3 Reasons A Credit Freeze Won't Protect You

Nick Clements , Contributor   Pages (2)

Opinions expressed by Forbes Contributors are their own.


1. Misuse of Existing Accounts Remains A Major Risk

2. Medical and Employment Identity Theft Still A Big Risk

3. Tax Fraud: Now A Bigger Risk

Read More:

https://www.forbes.com/sites/nickclements/2017/09/13/3-reasons-a-credit-freeze-wont-protect-you/#14e4673942e1



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« Reply #46 on: September 13, 2017, 08:08:19 PM »


 
Nearly 40 states probe Equifax's handling of massive data breach

Reuters  September 13, 2017

(Reuters) - Nearly 40 states have joined a probe of Equifax's handling of a massive data breach that exposed valuable information on up to 143 million Americans, according to the Illinois attorney general's office, which is leading the probe.

Eileen Boyce, a spokeswoman for Illinois Attorney General Lisa Madigan, declined to identify the other states...



https://finance.yahoo.com/news/nearly-40-states-probe-equifaxs-230810907.html

https://finance.yahoo.com/quote/EFX?p=EFX  
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« Reply #47 on: September 14, 2017, 06:49:59 AM »




Column Here are all the ways the Equifax data breach is worse than you can imagine

 Michael Hiltzik  Contact Reporter September 8, 2017

(Snipped)
 
In some cases, Equifax says, the security questions and answers used on some websites to verify users’ identity may also have been exposed. Having that information in hand would allow hackers to change their targets’ passwords and other account settings.

Read more:

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-equifax-breach-20170908-story.html
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« Reply #48 on: September 14, 2017, 07:18:14 AM »



Equifax CEO facing increased criticism for data breach


Fox Business Published on Sep 13, 2017

Cybersecurity expert Morgan Wright discusses why the Equifax data breach probably affects more than 143 million people,
and what the penalty should be for the company’s CEO, Richard Smith.

https://www.youtube.com/watch?v=skupZ9YTdoU

 Shocked Morgan Wright: The number they give you is not the real number.  The number will get higher.
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« Reply #49 on: September 14, 2017, 10:02:48 AM »




The pressure is rising on Equifax after FTC confirms investigation and Schumer calls out CEO

Liz Moyer 9/14/2017

   - Equifax said the breach came through a software application called Apache Struts.

   - Apache Software Foundation says the breach happened because Equifax didn't do security upgrades in a timely manner.


   https://www.cnbc.com/2017/09/14/equifax-tumbles-as-ftc-confirms-investigation-into-breach.html
   https://www.bizjournals.com/atlanta/news/2017/09/14/software-company-equifax-failed-to-install-the.html?ana=yahoo&yptr=yahoo
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« Reply #50 on: September 14, 2017, 12:43:38 PM »



IMPORTANT INVESTOR ALERT: 

Khang & Khang LLP Announces Securities Class Action Lawsuit against Equifax Inc.

and Encourages Investors with Losses to Contact the Firm


Business Wire  September 14, 2017 
IRVINE, Calif.--(BUSINESS WIRE)--

(Snipped)
 

The Complaint alleges that during the Class Period, Equifax issued materially false and/or misleading statements, and/or failed to disclose, that the Company failed to maintain proper security systems, controls and monitoring systems in place to protect its data systems and detect security breaches. On September 7, 2017, Equifax announced that its systems were hacked in a cybersecurity incident that may have affected about 143 million U.S. consumers. According to the Company, hackers accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers. Hackers also accessed credit card numbers for about 209,000 consumers. When this news was announced, the Company’s stock price declined materially, which caused investors harm according to the Complaint.


Read More:

https://finance.yahoo.com/news/important-investor-alert-khang-khang-164500707.html
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« Reply #51 on: September 14, 2017, 02:12:43 PM »


Finally, Some Answers From Equifax to Your Data Breach Questions

Your Money

By RON LIEBER  SEPT. 14, 2017


In the last few days, several hundred of you have sent me questions or tweeted about the Equifax breach and its credit freeze process. I don’t blame you, given that you’ve melted their websites and phone banks since the company announced last week that up to 143 million people may have had their Social Security numbers and other data stolen.

In the absence of much, if any, cogent response from Equifax in the early days of its crisis, I’ve been sending your questions to its representatives and putting them, unanswered, in my columns when I can’t get a reply.

Now, the company is finally answering some of them. Here’s what I’ve learned about, among other things, Equifax’s credit freeze process, whereby people lock up their files so that no thief can get new credit by impersonating them. One cautionary lesson: The company doesn’t always get its answers right.

 

https://www.nytimes.com/2017/09/14/your-money/equifax-answers-data-breach.html?mcubz=0
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« Reply #52 on: September 14, 2017, 02:42:02 PM »



TECH

Sara Salinas  CNBC.com  9/14/2017

   

Equifax breach has 'probably happened before,' says Social Capital CEO

    - Palihapitiya spoke during an hour-long appearance on CNBC's "Fast Money Halftime Report."

    - About the Equifax breach, Palihapitiya cautioned against worrying yourself "into a puddle."

    - He said the hackers have "probably been in there for years."

Equifax's massive data breach affecting an estimated 143 million Americans has "probably happened before," said Chamath Palihapitiya, founder of tech investment firm Social Capital.

(Snipped)

Palihapitiya said it's likely not a one-off and that the hackers have "probably been in there for years."

READ MORE

https://www.cnbc.com/2017/09/14/social-capital-ceo-equifax-data-breach-has-probably-happened-before.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104710056&yptr=yahoo
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« Reply #53 on: September 14, 2017, 05:15:35 PM »



 

By The Canadian Press
Thu., Sept. 14, 2017


    Business

Canadians more in the dark than
U.S. consumers about Equifax
 hack

Consumers in the U.S. can check their status on a website that shows whether they are at risk but that website doesn’t work for Canadians.
Canadians are asking questions in the aftermath of the Equifax hack because they are more in the dark about whether they have been victims than consumers in the U.S.


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« Reply #54 on: September 15, 2017, 06:56:38 AM »



EQUIFAX

Here Come the Equifax Scammers

 

Jeff John Roberts  Sep 14, 2017
(snipped)

Ring, ring. "This is Equifax calling to verify your account information."


Stop. Don’t tell them anything.

They’re not from Equifax. It’s a scam.

 Equifax will not call you out of the blue.


The FTC also advised people not to trust Called ID and to report fake calls to the FTC.


Read More
https://www.consumer.ftc.gov/articles/0076-phone-scams
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« Reply #55 on: September 15, 2017, 07:06:43 AM »





FEDERAL TRADE COMMISSION
Consumer Information

Equifax isn’t calling

September 14, 2017  
by Lisa Weintraub Schifferle  
Attorney, FTC, Division of Consumer and Business Education


1.  Don't give personal information.

2.  Don’t trust caller ID.

3.  If you get a robocall, hang up.

Read More

https://www.consumer.ftc.gov/blog/2017/09/equifax-isnt-calling


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« Reply #56 on: September 15, 2017, 02:16:14 PM »




Susan Mauldin Equifax CISO

Posted on September 9, 2017 by Hollywood LA News

Susan Mauldin was the Chief Information Security Officer (CISO) at Equifax Inc when the massive data hack occurred.

Maulding’s education credentials include a bachelor’s degree in music composition (magna cum laude) and a Master of Fine Arts degree in music composition (summa cum laude), both from the University of Georgia.

She has been with Equifax as CSO / CISO since 2013. She was previously Senior Vice President and Chief Security Officer at First Data Corporation, until July 2013. Mauldin was SunTrust Banks’ Group Vice President from 2007 to 2009. It is still unconfirmed whether her stint at SunTrust was in fact overseeing call-center operations.


Read Much More
https://www.hollywoodlanews.com/equifax-chief-security-officer/
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« Reply #57 on: September 15, 2017, 02:35:00 PM »

 



 

Equifax data breach: Beware these 3 scams

By Kathy Krist of MoneyWatch  September 15, 2017, 5:45 AM  27 Comments



 compress
Imposter scams

The Federal Trade Commission warned Thursday that it expected a new wave of imposter scams, with con artists posing as representatives of Equifax "calling to verify your account information." Given that Equifax is providing free credit monitoring and credit freezes in wake of its data breach, the call may sound legitimate, the agency warned. But don't ever provide any privy information over the phone.Tax identity theft


 
 Tax identity theft


The Internal Revenue Service has been fighting tax identity theft for years. These scams involve criminals getting victims' names, addresses and Social Security numbers to file fraudulent tax refund claims. The agency cites data breaches as one of the main ways that con artists get the relevant information to pull off tax identity theft.


study
Spear-Phishing

The data made available through the Equifax breach is also likely to spur a wave of so-called "spear-phishing" scams that could put more than your credit at risk. Phishing scams are often unsophisticated email and phone cons aimed at getting you to reveal privy data, such as your Social Security number. Spear-phishing cons are far more sophisticated.

Read More:
https://www.cbsnews.com/news/equifax-data-breach-beware-these-3-scams/




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« Reply #58 on: September 15, 2017, 03:38:50 PM »




 
Credit Karma to launch free ID monitoring following Equifax hack

Reuters September 15, 2017

By Anna Irrera

NEW YORK (Reuters) - Credit Karma Inc is launching a new free service that will alert customers if their identity data has been compromised in hacks, the San Francisco-based fintech company said on Friday in the wake of massive breach at credit monitoring agency Equifax Inc.

https://finance.yahoo.com/news/credit-karma-launch-free-id-164912403.html
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« Reply #59 on: September 15, 2017, 04:20:58 PM »



 


Canadian privacy commissioner launches probe of Equifax breach

Reuters September 15, 2017

TORONTO, Sept 15 (Reuters) - Canada's privacy commissioner said on Friday that it has launched an investigation into the massive data breach at Equifax Inc after receiving complaints from Canadian consumers.

Equifax is still working to determine the number of Canadians affected by this incident, the Office of the Privacy Commissioner of Canada said in a statement. (Reporting by Alastair Sharp; Editing by Jim Finkle)

https://finance.yahoo.com/news/canadian-privacy-commissioner-launches-probe-201034126.html
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