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toptestmotor.com Octubre 22, 2017


"Monopoly Man" photo-bombs Senate Banking Committee hearing on Equifax

05 Octubre 2017, 10:57 | Azura Castelo

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Rep. Joe Barton (R-Texas) was also skeptical of Smith, as he said that a law should be set that would fine Equifax for every consumer who's been affected by the breach.

Not only did hackers get their hands on personal identifying information for approximately 182,000 US consumers that included names, Social Security numbers, birth dates, addresses and, in some instances, driver's license numbers, they also accessed names, dates of birth, email addresses, and telephone numbers belonging to over 400,000 United Kingdom citizens.

"The criminal hack happened on my watch..."

Late Monday, Equifax said an independent review had boosted the number of potentially affected USA consumers by 2.5 million to 145.5 million. She noted that since 2013, Equifax has disclosed four different hacks, yet the company's profits have grown, in that same time frame, by more than 80 percent-a point that Smith confirmed.

Two years earlier, thieves gained access to the tax returns of more than 300,000 by using stolen data.

Smith also said the sales occurred after quarterly earnings were reported, which is a common practice within the company.

Amanda Werner, arbitration campaign manager for Public Citizen, dressed up as the Monopoly man and helped deliver of "Get Out of Jail Free" cards to the Wells Fargo hearing and to all 100 Senate offices.

As a result, "the vulnerability remained in an Equifax web application much longer than it should have", Smith said.

Questioned fmr CEO of Equifax today on their major data breach. "I can't fix stupid", he said. "That way the company has a real reason to keep that data protected". But the "vulnerable versions" of the software were not identified or patched, Smith said.

Public Citizen took credit for "Monopoly Man's" surprise appearance, saying it sent the character to the hearing to condemn arbitration causes that lead to companies like Equifax taking advantage of consumers. Smith will then face the Senate Judiciary Committee at 2:30 p.m. EDT.

But the committee didn't forget the ultimate outcome of the breach: The personal data genie can't go back in the bottle. Smith appeared before the committee a day later.

"Equifax has forfeited its right to corporate secrets", said Senator Sherrod Brown at a hearing.



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