Canadians impacted by Equifax data breach

Three Equifax Managers Sold Stock Before Cyber Hack Revealed

Hackers breached an Equifax payroll-related service in March, months before the company said criminals accessed the personal records of 143 million people.

Equifax is now at the center of several investigations into how the breach occurred and what took so long to disclose it. "Selling a fee-based product that competes with Equifax's own free offer of credit monitoring services to victims of Equifax's own data breach is unfair, particularly if consumers are not sure if their information was compromised". "Companies - including every single member of the C-suite - must change to a Zero Trust security posture so that when updating their technology, it follows a new, innovative mindset, rather than continuing the insanity cycle with the next generation of flawed technology", said Panesar.

It is unknown who was responsible for the hack disclosed earlier this month.

But it has been slow to update victims outside the U.S.

Equifax is one of the three main credit reporting companies.

Warren also signalled in a letter to the Consumer Financial Protection Bureau, the agency she helped create in the wake of the 2007-2009 financial crisis, that it may require extra powers to ensure closer federal oversight of credit reporting agencies. However, the vulnerability could have been fixed back in early March when patches became available. What has not been known, is how exactly many individuals in other countries are at risk. Equifax shares have fallen 35% since the breach was disclosed on September 7 after the market close. In Canada, the numbers are not almost as certain as Equifax has not publicly disclosed any estimate. The U.S. Federal Trade Commission and a Congressional committee with subpoena power recently joined the growing number of government bodies investigating the cyberattack. While Equifax will let you place or lift a freeze for free until November 21, the FTC says that TransUnion and Experian are not.

Attorney General Schneiderman opened an investigation immediately after learning of the Equifax breach. "It's a scam. Equifax will not call you out of the blue".

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