FTC Probing Equifax After Massive Data Breach

The company's stock dropped another 8% in early trading Thursday following the FTC statement.

"The FTC typically does not comment on ongoing investigations", Peter Kaplan, the FTC's acting director of public affairs, said in a statement. However, Equifax stated that the three executives were not aware of the breach when their stock was sold.

The Federal Trade Commission says scammers are calling people up claiming to be from Equifax and asking to verify account information.

In its statement, Equifax further shared that the vulnerability was Apache Struts CVE-2017-5638. Since the company is holding off the details of its investigation, security experts believe that the attack possibly happened after the patch was made available since it was then widely distributed and publicized.

"My office has been in contact with Equifax and is working to get to the bottom of how this massive data breach occurred, and how we can protect the 12 million Texans it reported who are at potential risk of identity theft", Attorney General Paxton said.

The vulnerability allows remote attackers to execute arbitrary commands via a #cmd= string in a crafted Content-Type HTTP header, and was patched in March 2017. But a delay of several months to remove a high-priority vulnerability is generally considered a risky security practice.

More news: Jamaal Lascelles heads Newcastle past Swansea with Benítez convalescing

More than 400 million accounts were affected by a breach disclosed last year at the hookup site Adult Friend Finder, and other firms affected in recent years included Heartland Payment Systems and retail giant Target. "We know that criminals exploited a USA website application vulnerability", it added.

The vulnerability was a critical weakness for many large websites that were built using the software.

Rene Gielen, vice president at the Apache Software Foundation, said in an email Thursday that the group doesn't have reliable information on how long it takes companies to apply patches for vulnerabilities.

The bill would also require brokers to develop "comprehensive privacy and data security programs" and provide "reasonable" notice in case of breaches. "So data security and how we go about ensuring that is something we spend a lot of time and effort on".

"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", said Equifax, in its progress report revealing the issue.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

US Open: Petra Kvitova on her return to tennis after knife attack
She was one of four USA women in the quarterfinals at Flushing Meadows, the most since five made it that far 15 years ago. Tomorrow, Coco Vandeweghe will take on Pliskova and Keys will face Kanepi to see whether the American dream can continue.

Policemen killed In North Sinai Attack Claimed By ISIS
Egypt has been suffering from a spike in terrorist attacks targeting civilians in the mainland over the past year. A security guard gestures near the site of an attack that killed at least 26 people in Minya, Egypt May 26, 2017.

Richland County Offices Closed Monday: Irma Plan in Place
FSU said class schedules remain unchanged for now, but university officials will take appropriate action if necessary. The university has chose to move UCF's football game against the University of Memphis to 6:30 p.m.

Tropical Storms Jose and Katia Threaten the Caribbean
The depression is forecast to strengthen into a tropical storm within the next day or so, and it will receive the name Katia. Wednesday, Tropical Storm Jose had maximum sustained wind of 70 miles per hour and may become a hurricane by the afternoon.

Bahamas narrowly escapes the worst of Hurricane Irma
The National Hurricane Center predicts a "life-threatening storm surge" will hit the islands of the Florida Keys on Sunday. Meteorologists explain the incredible pressure from Hurricane Irma is pulling the water into the storm's center.

Trump says Iran is violating 'spirit' of Iran nuclear deal
With assistance from Jonathan Tirone Helene Fouquet Thomas Penny Katharina Rosskopf and Kambiz Foroohar . Secretary of State Rex Tillerson arrives at 10 Downing Street in London, Britain, September 14, 2017.

Trump plans early November meeting with Abe in Japan
It was in 2006 that India and Japan agreed to hold annual summits between the prime ministers of the two countries. PM Shinzo Abe and wife Akie Abe signed the visitor's book in the Aashram before leaving for Sidi Saiyed mosque.

Miami's Tower Construction Cranes Pose 'Potential Danger' During Hurricane
If the house starts shaking and they fear the wind is ripping off the roof, there's a crawl space under the home as a last resort. There's 20 to 25 of them and now officials here in Miami are advising anyone who lives in a building next to a crane to get out.

Apple Launches iPhone 8 and iPhone 8 Plus: New Generation of iPhone
The non-cellular version could display notifications and make calls, but only by piggybacking on the phone in your pocket. Or watch all the other awesome Apple promo videos about the iPhone 8, iPhone 8 Plus and the Apple Watch Series 3 .

A lovely weekend ahead, tracking Hurricane Irma too
Wednesday will be mostly cloudy with periods of rain throughout the day, but temperatures will be in the low 80s. We'll keep with plenty of sunshine, strong south winds, and warm temperatures in the upper 80s.

Missing Pregnant Md. Teacher Found Dead; Boyfriend Charged in Slaying
Manger said Tessier's appearance at the news conference was a "calculated decision" made by police and Wallen's family. The "Gathering of Hope" event scheduled for Wednesday evening has been canceled, the school system said.

How to watch Cincinnati vs. MI online
Karan Higdon was the only Wolverine rusher to find the end zone last week, and he'll be in line for a handful of carries as well. Michigan's only other offensive points came on two short field goals, one in each half, by redshirt freshman Quinn Nordin.

Juventus coach Allegri says Dybala can be best footballer in future
Edgar Davids says comparisions with Lionel Messi will only hurt Juventus' Paulo Dybala - "leave him to grow in peace". Dybala has been on fire since joining Juventus in 2015 from Palermo.

Xiaomi has announced a competitor to the MacBook Pro
A new cooling design that is symmetrical which allows 2x inbound airflow and 40% improved outbound air flow than competitors. Packing an Intel i7 8th Gen processor, the Xiaomi Mi Notebook Pro is a 15.6 inch Notebook with an 81.5% screen ratio.

Facebook will shut off ads for publishers that violate standards
In a blog post , Nick Grudin, VP of Media Partnerships, outlined how the new "monetization eligibility standards " will work. The ad sales were tied to a Russian business with a history of pushing pro-Kremlin propaganda, the Washington Post reported.


More News

News
More News