Abril 25, 2018

Former Equifax CEO testifies before House Energy Committee

03 Octubre 2017, 11:01 | Dolorita Barahona

Equifax former CEO Richard Smith will testify before the House Energy and Commerce Committee on Tuesday. CNET

Equifax former CEO Richard Smith will testify before the House Energy and Commerce Committee on Tuesday.                  CNET

Mandiant, a cybersecurity firm retained by Equifax to investigate the breach, found that 2.5 million more U.S. consumers were potentially impacted by the massive breach.

"The forensic investigation related to United Kingdom consumers has been completed and the resulting information is now being analyzed in the United Kingdom", Equifax says in a statement.

Mandiant also said there's no evidence the attackers accessed databases outside of the US.

Smith said tentative results of the investigation so far show attackers first accessed sensitive information on May 13 and continued to have access over the next two months.

On Monday, Equifax increased the number of affected consumers to more than 145 million.

The investigation also noted that the number of affected Canadians was likely 8,000, not 100,000 as was first thought. In other data breaches, like one at Target or Michael's, consumers could choose not to shop at a store that was affected.

On Monday, Equifax said the personal information of almost 146 million Americans may have been stolen, an increase of more than two million from the company's previous estimate.

The update comes as Equifax's former CEO, Richard Smith, who announced his retirement last month, will testify in front of Congress starting on Tuesday. Mark Warner has stated that he is working on efforts to pass a data breach notification law requiring companies to notify customers about a breach within a certain narrow time frame. Smith stepped aside last week as chairman and chief executive. The breach occurred in mid-May but Equifax security personnel did not notice any suspicious activity until July 29.

Equifax first publicly announced on September 7 that it was the victim of a data breach that exposed personally identifiable information on 143 million Americans.

On March 15, Equifax's information security department also ran scans that should have identified any systems that were vulnerable to the Apache Struts issue identified by US CERT.

However, it said the review added about 2.5 million Americans to the list of those affected by the massive cyberattack, bringing the total number of people in the USA potentially impacted to 145.5 million.

Former Equifax chief executive Richard Smith has testified in front of United States regulators, claiming that the massive data breach occurred due to both "human error and technology failures". "Of course, breaches will continue to occur but they occur more often when there is no accountability and when no preventative measures are in place", Mr. Pallone said. He said he was alerted the following day, but was not aware of the scope of the stolen data.

The breach has already prompted the departures of Equifax's chief information officer and chief security officer. On the potentially positive side of that mindless madness is the fact that Equifax retains the right to change the "characterization of Mr. Smith's departure" after they've completed their independent review of the data breach.

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