Criminal investigation into Equifax data breach underway

Close-up of credit report document

Canada's privacy commissioner said Friday that it started a probe into the cyberattack and Equifax has committed to contacting Canadians whose data may be at risk in writing as soon as possible. It has since hired an outside cybersecurity firm to investigate. However, Equifax denies the incidents are related.

Equifax has since stated that less than 400,000 British may have been affected, but still did not breathed a word of the number of canadian victims in the hacking discovered on July 29.

The Senate legislation, titled the Freedom from Equifax Exploitation Act, also would force Equifax and the other credit bureaus to refund any fees they charged for credit freezes in the wake of the Equifax breach.

"Mandiant has investigated both events and found no evidence that these two separate events or the attackers were related". The Democratic governor announced Monday that he's directed the state Department of Financial Services to issue new rules requiring credit reporting agencies to register in NY for the first time and to comply with the state's cyber security standards.

Equifax is already facing criticism for the long delay between the May breach and its revelation to consumers that their data had been stolen, which came four months later.

Three Equifax executives - not the ones who are departing - sold shares worth a combined $1.8 million just a few days after the company discovered the breach, according to documents filed with securities regulators.

Alongside the 143 million United States consumers whose data was stolen, 400,000 UK residents also had their data illegally accessed, Equifax confirmed. The probe will look into the stock sales of its chief financial officer, John Gamble; its president of US information solutions, Joseph Loughran; and its president of workforce solutions, Rodolfo Ploder.

The data included names, email addresses and telephone numbers but not street addresses or financial data, Equifax said. However, the vulnerability could have been fixed back in early March when patches became available.

Canada's privacy commissioner, meanwhile, has launched an investigation.

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