Data breach at Equifax endangers 143 million customers

Instinet

Equifax, one of the largest credit bureau in the world has admitted that a major data breach on its system.

The breach will be the largest in the history of the United States of America.

The company said it discovered the breach on July 29. It said criminals exploited a U.S. website application vulnerability to gain access to certain files that included names, Social Security numbers and drivers’ license numbers.

Equifax explained that consumers’ accounts were accessed by hackers between mid-May and July. Equifax had also said that information of some UK and Canadian residents was also obtained in the hack.

In response, Britain’s Information Commissioner’s Office (ICO) said the Equifax data breach “gives us cause for concern”.

“We will be advising Equifax to alert affected UK customers at the earliest opportunity,” ICO Deputy Commissioner James Dipple-Johnstone said in a statement earlier today.

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