Equifax security breach worsens as investigations continue

Greg S

Posts: 1,607   +442

In part of the ongoing investigation into the Equifax security breach, private security firm Mandiant has finished its first round of forensic data collection and analysis.

New findings show that an additional 2.5 million US consumers have likely had their personal information exposed, bringing the total number up to 145.5 million people affected by the breach. Fortunately for those living abroad, the security audit indicates that no databases outside of the United States have been affected.

Canadian consumers actually are receiving some good news from the completion of Mandiant's findings. Original estimates placed 100,000 Canadian citizens at risk, but the now revealed numbers show only around 8,000 Canadian consumers who may be affected. A written notice is being sent to all Canadians who are potentially at risk.

Customers from United Kingdom have not yet been notified with confirmation of compromised data because analysis of results is taking place locally in a joint effort with UK regulators. Anyone impacted by the Equifax breach should be notified by mail. The dedicated website for checking if your personal information is affected will be updated by October 8th with the new findings.

In wake of the security problems that Equifax has faced, the company claims to be doing all it can to improve its long-term security. This may be a case of too little too late, but an attempt to save face is better than none at all.

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Uncle Al

Posts: 7,508   +6,004
As has all too often been the case, we are being slowly spoon fed more and more bad news in hopes that we won't get so PO'd that we will demand our political rep's to do something far more drastic. The simple fact is that these credit bureau's offer ZERO to the public. They accumulate our data, they sell our data, and in more than a few cases they have manipulated our data; all to their own advantage, but when it's time to hold them responsible for safe guarding our data all we hear is "it's not our fault" or "it's somebody else's fault". Lenders and borrowers did very nicely before these agencies existed. I for one would like to see their elimination and before you cry out about all the lost jobs just remember that banks and S&L's will have a great need for them so have at it!
 
B

bmw95

"the company claims to be doing all it can to improve its long-term security". In other words, not really anything.
 
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Squid Surprise

Posts: 3,480   +2,366
As has all too often been the case, we are being slowly spoon fed more and more bad news in hopes that we won't get so PO'd that we will demand our political rep's to do something far more drastic. The simple fact is that these credit bureau's offer ZERO to the public. They accumulate our data, they sell our data, and in more than a few cases they have manipulated our data; all to their own advantage, but when it's time to hold them responsible for safe guarding our data all we hear is "it's not our fault" or "it's somebody else's fault". Lenders and borrowers did very nicely before these agencies existed. I for one would like to see their elimination and before you cry out about all the lost jobs just remember that banks and S&L's will have a great need for them so have at it!
Well, they do let us spend lots of money we can't afford to pay on a convenient card and then charge exorbitant interest rates when we can't pay it back...
 
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Uncle Al

Posts: 7,508   +6,004
Well, they do let us spend lots of money we can't afford to pay on a convenient card and then charge exorbitant interest rates when we can't pay it back...
But of course. Remember the creed of Wall Street is simply "Anything for a buck" ......