Beware of scams tied to credit info breach, Hood says

Beware of scams tied to credit info breach, Hood says

Beware of scams tied to credit info breach, Hood says

U.S. Attorney John Horn said in a statement, "The U.S. Attorney's Office for the Northern District of Georgia is working with the FBI to conduct a criminal investigation into the Equifax breach and resulting theft of personal information".

Equifax hired cybersecurity firm Mandiant to investigate both the March and July incidents.

The officials reportedly being looked into are John Gamble, Equifax's president of US information solutions, Joseph Loughran, and Rodolfo Ploder, the company's president of workforce solutions, according to two people familiar with the investigation. However, Equifax denies the incidents are related. "The March event reported by Bloomberg is not related to the criminal hacking that was discovered on July 29".

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But Dave Brandon, chairman and CEO, said he is confident about plans to restructure the company for a sustainable future. Toys "R" Us said shoppers should not notice a difference as they do their holiday shopping.

Healey said Tuesday the Equifax breach "may be the most brazen failure to protect consumer data" her office has seen.

Specialist blog Krebs on Security was one of the few outlets to cover the breach at the time - when Equifax initially disclosed the hack to customers in May, two months later. This investigation has been identified as a priority for the Privacy Commissioner, as the data breach continues to remain a worry for many Canadians, especially those with dealings in the U.S.

To run afoul of laws that prohibit insider trading, a seller has to be aware of nonpublic information, said Stephen Crimmins, a former enforcement lawyer for the Securities and Exchange Commission.

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Equifax is now at the center of several investigations into how the breach occurred and what took so long to disclose it.

Mississippi Attorney General Jim Hood is warning about scams tied to the Equifax security breach.

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. The three senior executives dumped nearly $2 million worth of stock days after the company learned of the breach, SEC filings show. It's not entirely clear why Equifax was unable to patch the known vulnerability in March, before attackers exploited the dispute portal web application in May.

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