Equifax Says 2.5 Mln More US Consumers

Equifax Says 2.5 Mln More US Consumers

More than 146 million Americans are still waiting to find out what will happen after their personal and financial information was compromised in the massive Equifax data breach.

Smith said Equifax has 225 individuals devoted to cybersecurity and the company has invested almost a quarter of a billion dollars in security over the past couple of years.

Equifax first notified the public of the security breach on September 7, though it said the unauthorized access is thought to have happened from May 13 to July 30, with Equifax's security team catching the hack on July 29.

Anyone who watched video footage of the hearing, which was streaming live on the Committee's website, surely noticed a striking figure peering behind Smith, nearly over his shoulder.

It determined that approximately 2.5 million additional US consumers were potentially impacted, for a total of 145.5 million.

Smith also said the breach was the fault of a single individual whom he did not name, who failed to install a patch for a vulnerability in software used by the company.

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"Just last week, Senate Republicans pushed a vote to repeal this rule, and we narrowly avoided losing our right to a day in court", she said.

He also said another well-known, independent expert consulting firm "has been retained to perform a top-to-bottom assessment of the company's information security systems". "I don't think we can pass a law that fixes stupid". "Equifax was entrusted with Americans' private data and we let them down", he told the House panel in prepared remarks.

Former Equifax CEO passed Go, but did not go directly to jail after getting grilled on Capitol Hill.

Former chief executive Richard Smith is slated to testify in front of four congressional committees this week, and frustrated lawmakers are expected to grill him on the company's cybersecurity practices, its immediate response to the hack and reports of insider trading.

Smith retired from his position as CEO after the public learned of the hack.

After three hours of grilling, Democrats said today's hearing was not sufficient, pressing for additional hearings with the current Equifax executives, including the CIO and chief legal officer.

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