We may edit comments to remove links to commercial websites or personal information before posting them. All those higher ups in Equifax should face charges by the supreme court. Same here. The letter was signed by the attorneys general of dozens of other states. I believe Equifax bought out the other two several years ago, although they remain "somewhat" separate. Why should we have to provide more information. The United States has fallen behind many other countries that are seeking to ensure that the rapid adoption of new technologies does not leave them vulnerable to data breach, identity theft, and cyber attack. Third, Congress should require mandatory disclosure of secret scores and algorithms used by CRAs. The hackers did not access the data from Equifax’s core consumer credit reporting databases, but from the company’s U.S. online dispute portal web application. The Consumer Privacy Bill of Rights follows the structure of many privacy laws in the United States and elsewhere. Comments submitted to this blog become part of the public domain. In all 3 instances, I was unable to complete the actions. The federal standard should require immediate and efficient notification of impacted consumers, regulators, and the public. ), you have the potential to be affected by this. These bills include: Regulators in the United Kingdom and Canada are also investigating the Equifax breach.  The UK Financial Conduct Authority has the power to fine the company and withdraw the authorization that allows it to run credit checks in the UK. March 8, 2017- Department of Homeland Security (US CERT) contacted Equifax, Experian, and TransUnion to notify them of Apache Struts CVE-2017-5638. Equifax is one of the three major credit reporting agencies (CRAs)—also known as credit bureaus—in the U.S. CRAs create credit reports on individuals that give a detailed picture of a person’s credit history, including whether they have kept up with loan and credit card payments. Data breaches at Equifax and other large organizations have highlighted the need to better protect sensitive personal information. I attempted to call the numbers listed for the 3 credit agencies to freeze my reports. Better yet get one of those novelty "8 Balls" that you turn upside down after asking a question. On Monday, the company agreed to pay $700 million to … Equifax, Experian, and TransUnion all exposed the credit reports of celebrities in March 2013. NOTICE THE "NOT IMPACTED". State attorneys general have been active in responding to the breach. In 2017, personally identifying data of hundreds of millions of people was stolen from credit reporting agency Equifax. C redit reporting company Equifax announced that it was the subject of a massive data breach on September 7, 2017. Here's a recap on how the Equifax data breach occurred, and the subsequent fallout. In the wake of the Equifax breach, immediate action should be taken to reform not only the credit reporting industry, but also to address the broader problem of secret profiling and mishandling of consumers’ personal data. The final minimum tab for Equifax's failure to patch a known web application security flaw—that later proved to be the root cause of the company's disastrous data breach in 2017… Stop all of the craziness. Credit reporting agencies should change the default on access to credit reports by third parties. This caused the site to be flagged as a phishing threat by browsers. September 26, 2017- Equifax CEO Richard Smith retired and Board of Directors appointed Paulino do Regos Barros Jr. as Interim CEO. The vulnerability was left unpatched until July 29, 2017 when Equifax’s information security department discovered “suspicious network traffic” associated with its online dispute portal and applied the Apache patch. The cities of San Francisco and Chicago have sued Equifax. I'm afraid to use any site related to this! To protect your privacy and the privacy of others, please do not include personal information. (This link takes you away from our site. I am really upset about this. More Like Social Insecurity Number, Amirite? The following day, the Department of Homeland Security contacted Equifax, Experian, and TransUnion to notify them of the vulnerability. Current laws allow consumers access to free credit reports, but the process is cumbersome, and few consumers take advantage. Congress should end the use of the social security number as a general-purpose identifier. The SEC and U.S. attorney’s office in Atlanta (where Equifax is headquartered) are investigating Equifax for insider trading related to the sale of stock by executives before the breach was announced to the public. There are already initiatives to improve privacy protections in the field of data science, and these efforts could be adopted and further developed by the companies responsible for protecting consumer data. Note: This post was updated on October 5, 2017 to reflect that Equifax extended the enrollment period for free credit monitoring from November 21, 2017 to January 31, 2018. Third, consumers affected by data breaches should have a private right of action. Seems like you would make it more easy for your account to be compromised. Smh. EPIC’s Christine Bannan also proposed steps to strengthen data protection safeguards for American consumers. Also, do not use this blog to report fraud; instead, file a complaint. Here are the facts, according to Equifax. INCIDENT UPDATE – 18/01/18 In early September 2017, Equifax Ltd.’s US parent company announced it had been the victim of a criminal cyberattack. Credit reporting agencies and other financial institutions should be prohibited from using these arbitration agreements to block consumer actions for breach, improper disclosure, or misuse of their personal data. We expect participants to treat each other and the bloggers with respect. Just go back to cash, send money orders to pay bills, get off the grid, I did. Again thanks equifax for NOT doing your job. Very little goes on my credit card. The White House and Equifax Agree: Social Security Numbers Should Go, Why does your identity depend on one number? For more information on how the FTC handles information that we collect, please read our privacy policy. Companies collecting consumers’ personal data must establish effective safeguards, including requirements for prompt disclosure of any data breach. New York’s Attorney General Eric Schneiderman introduced the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act). Fourth, the existing data security requirements for consumer-facing financial institutions under the Gramm-Leach-Bliley Act should extend to credit reporting agencies and other companies that sell consumer profiles. Its information security department applied the Apache patch. These are only a few examples of breaches at credit bureaus. They knew about the vulnerability in the dispute portal and they still allowed ppl to access it. I answered all questions appropriately. We expect participants to treat each other and the bloggers with respect. Absent rules requiring the disclosure of these secret scores, lists, and the underlying data and algorithms upon which they are based, consumers will have no way to even know, let alone solve, these problems. Given that credit reporting agencies hold more sensitive personal data than many of the other financial institutions combined, it makes little sense for those companies to be exempt from the rules. Directly have an impact on all of our lives! September 15, 2017- Equifax issued a press release confirming that the vulnerability was Apache Struts CVE-2017-5638. It Just Might Take a While, ‘Did someone forget to do the math?’ Consumers, advocates rail against lowered Equifax cash payouts. Electronic Privacy Information Center Here's a timeline of what happened, how it happened, and the impact. These are the techniques that Equifax and other credit reporting agencies should invest in to limit harm to consumers going forward. They'll get your number and steal your identity thereby, and/or, profit from the sell of your number. You can find confirmation on the abc news site. The federal government is also conducting investigations. September 18, 2017- New York Governor Andrew Cuomo announced proposal to apply the state’s banking regulations to credit reporting agencies. Companies often require consumers to agree to contracts with arbitration clauses that block consumers from bringing lawsuits. ; this particular breach), there is zero coverage. The bill would give consumers free credit freezes but would also preempt states from passing stronger laws. This is one of the big three watch dogs are that grade all of us on how responsible we are financially! Marc Rotenberg, Testimony before the House Committee on Financial Services. The scope of the data breach problem extends well beyond Equifax. Why provide a broken site any MORE in formation??? ), I entered "Testdoe" (as in Ms. Jane Doe), and "123456", and I GOT THIS: "we believe that your personal information was not impacted by this incident." Equifax's information security department ran scans on March 15, 2017 that were meant to identify systems that were vulnerable to the Apache Struts issue, but the scans did not identify the vulnerability. It also binds you to arbitration, making you give up your right to sue them.

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