![]() So far, the company has paid nothing in fines to the government. A data breach of any one website or service can have a ripple effect that puts your information broadly. Mark Warner, a Democrat from Virginia, are looking to pass, Equifax would have paid at least $1.5 billion in penalties for the breach. Unlike other data breaches, those affected by the breach may not even know theyre customers of the. But the Equifax breach could end up being. Equifax revealed a giant security breach that affected as many as 143 million Americans. Warren and Cummings said they've sent a letter to both agencies asking if they "intend to hold Equifax accountable." corporate history happened to Yahoo, which saw data for more than 1 billion users compromised in two attacks in 20. While the Bureau of Consumer Financial Protection and the Federal Trade Commission have opened investigations into Equifax's breach, neither of them have taken any actions. Lawmakers are still waiting for some action to be taken against Equifax. Trey Gowdy, a Republican from South Carolina, were the four lawmakers who requested the report. Ron Wyden, a Democrat from Oregon, and Rep. "Now that we know even more about what led to the Equifax breach, it is critical that we develop serious and concrete proposals to help the American people."Ĭummings and Warren, along with Sen. Elijah Cummings, a Democrat from Maryland, said in a statement. General Accounting Office’s report, and an in-depth analysis from Bloomberg Businessweek. There are some things you can do to protect yourself. ![]() Here’s a summary of some of their key failures, reported by Josh Fruhlinger and based on A U.S. Assuming data was stolen by criminals and not a nation state, experts predict that it will circulate for years. Federal lawmakers have made minor changes related to. "Today's report highlights the breakdowns and failures at Equifax that led to one of the largest and most consequential data breaches in United States history," Rep. OctoDissent We spent a good amount of time in the cybersecurity forum today talking about the Equifax breach. The Equifax data breach had a powerful impact: Victims of the breach will benefit from a 425 million settlement that’s nearing its end. Since then, Equifax said that it's implemented a new management system to handle vulnerability updates and to verify that the patch has been issued. ![]()
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