Federal Trade Commission investigating Equifax breach

by Susie Olson September 15, 2017, 0:37
Federal Trade Commission investigating Equifax breach

Leigh-Anne Galloway, cyber security resilience lead at Positive Technologies, said: "Given how often flaws of this nature are discovered, it's therefore not a huge surprise that an exploit of a vulnerability was the entry point for the Equifax breach".

Jessie Schmidt of the Better Business Bureau says when you log onto the Equifax website to see if you're affected, they'll request your name and social security number, which can be concerning to provide. Shares of rival Experian Plc, which trade in London, dropped as much as 6.4 percent on Thursday.

"The FTC typically does not comment on ongoing investigations", spokesman Peter Kaplan wrote in an email to Reuters.

The organization says it has been trying since the first reports of the Equifax breach surfaced to determine if it affects any of the approximately 10,000 CAA members who signed up for the program.

The Federal Trade Commission says it is investigating the Equifax data breach.

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The Apache software is widely used by companies to help build websites.

In its statement, Equifax further shared that the vulnerability was Apache Struts CVE-2017-5638.

Communications expert Warren Weeks believes Equifax could not have handled this issue in a worse way. Apache Struts software is especially time-consuming to update because each application needs to be fixed individually. Equifax announced that data of 143 million American consumers may have been compromised, including names, Social Security numbers, birth dates, addresses, driver's license numbers and credit card numbers. But a delay of several months to remove a high-priority vulnerability is generally considered a unsafe security practice.

"The Attorney General's office is here to do the fighting for you, and I urge Arkansans who have used Equifax to contact my office", Attorney General Rutledge said.

More recently, Equifax's cybersecurity has come under fire. "CAA did not handle or retain any of the information provided to Equifax", said Ian Jack, CAA managing director of communications and government relations. While firms usually act within hours or days after an announcement, some companies don't patch for years, he said. That's, uh, not a good look for Equifax's data security team. Our contract with Equifax explicitly said customer data would be governed by Canada's privacy law, PIPEDA, and we chose them as a partner due to their then high reputation.

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