CAA says 10000 consumers could be Equifax hack victims

CAA says 10000 consumers could be Equifax hack victims

The FTC warns not to give out personal information, do not trust caller ID and if you get a robocall, hang up. Now, researchers have discovered that the personal information of thousands of Argentinians may be at risk too due to lax Equifax security practices. Typically the FTC does not disclose who it is investigating, but the agency said the high amount of attention in this case made it necessary.

Shares of the company's stock plummeted from 142.72 on September 7, when the hack was announced, to 98.99 at close of trading yesterday.

UPDATED: The Federal Trade Commission (FTC) has opened an investigation into the data breach.

"Equifax has been intensely investigating the scope of the intrusion with the assistance of a leading, independent cybersecurity firm to determine what information was accessed and who has been impacted", the company wrote. The two-month gap between when the patch was issued and when the attackers breached Equifax's network was a particularly unsafe time, as hackers began immediately exploiting the flaw on websites that didn't apply the fix, according to technology website Ars Technica. It doesn't take a security expert to know that's a bad idea.

The Maine Bureau of Consumer Credit Protection is urging Mainers to take steps to protect their credit and private information after the security breach at Equifax. Apache Struts software is especially time-consuming to update because each application needs to be fixed individually.

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"If this is indeed a capital offense, then I'd say that the majority of organizations are guilty", said Rick Holland, vice president of strategy at Digital Shadows, a cyber-intelligence firm with offices in London and San Francisco. "CAA did not handle or retain any of the information provided to Equifax", said Ian Jack, CAA managing director of communications and government relations.

The patch would have been time consuming as it involved rebuilding hundreds of apps using the new updated software.

The portal, which let Equifax employees in the Latin American country manage customer credit report disputes, was "protected by perhaps the most easy-to-guess password combination ever: 'admin/admin, '" Krebs wrote.

Beware of email and telephone scams related to the data breach.

In addition to being one of the three major credit reporting agencies, they point out, Equifax is also a data broker. That's, uh, not a good look for Equifax's data security team.

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