Equifax Inc. Confirms Data Breach, Affects 143M Individuals in America

From the latest news reports online, another credit company has experienced data breach that might affect almost 143 million individuals in the United States. Equifax Inc. already confirmed the problem and investigating at it closely.

Almost 209,000 credit card numbers were compromised with this latest data breach.

According from the news of rt.com, Equifax Inc. already confirmed the data breach that affected their system and compromised almost 209,000 credit card numbers. Furthermore, the giant credit reporting company revealed that this latest system’s breach might just affect almost 143 million residents of America too.

If this happens, this will be the largest data breach in the history of US because of exposing confidential information in danger.

 

Equifax revealed the data breach on Thursday, which they started to discover last July 29. The reporting agency is serious about saying that this particular system failure might just affect millions of American consumers with a huge impact because of the compromised data.

 

This particular company is actually one of the top organizations in America that is responsible in computing the credit scores of Americans and this is the reason why it has access to millions of personal information from these people. Likewise, it has control in the available confidential financial data of millions of people living in the US over the Internet, particularly adults.

 

Based on the shared report through wired.com, Equifax believe that the hackers were able to access their system in the middle of May until the month of July. They successful linked a web application, which made it easier for them to access the data in vulnerability. The report added that they accessed the Social Security Numbers, names of people, home addresses, and dates of birth, credit card numbers and even license numbers for driving.

 

In addition to this data breach, the hackers managed to access personal information of “dispute documents” (approximately 182,000) since they began penetrating the system of the company.

 

It may be clear that millions of Americans will experience the negative effective of this particular breach in the coming years. One reason is that the stolen or compromised data by the hackers can be utilized in different unlawful purposes if their intention is to manipulate the data for their personal interest.

 

Equifax likewise has access to different information from banking institutions, retailers, credit card firms and even lending companies in the US.

 

From the released statement by the reporting agency online, it said that the hackers successfully exploited a website application in America and immediately gained access to the documents or files they targeted few months ago.

 

In line with this issue, Richard Smith already released a statement that apologizes to the affected consumers and clients. He added that the reporting company understands the exact impact of the data breach and is doing everything to protect the involved data, as detailed by the CNBC.

 

Richard Smith is the Chairman and Chief Executive Officer (CEO) of Equifax Inc.

 

In an effort to keep the consumers and clients aware, they already send mails to these people as part of the notification. The sent mails particularly target those who have exposed data after the breach. In addition, the ongoing investigation has the coordination of the state and federal authorities to investigate the problem cautiously.

 

The news report through wired.com added that the company provided a legitimate website known as equifaxsecurity2017.com to allow people check their data online and verify if they are among the affected US residents by the hackers. The news added that it may be possible that some people who live in Canada and in UK have compromised data as well.

 

Equifax now offers residents of America with free credit checking as well as insurance policy for identity theft.

 

After learning about the breach, at least 3 senior executives of Equifax already sold their shares amounting to $1.8 million, the news added.