1/16/2024 0 Comments Problems with equifax security zeI have no doubt that Equifax will take some serious hits with these class actions, though I don’t think they’re going to be anywhere near the $70 billion range. In the meantime, class actions have been brought against Equifax (one in its hometown of Atlanta) claiming damages under the federal Fair Credit Reporting Act and state statues while another class action is seeking $70 billion in a federal court in Oregon. Moreover, there are reports of people inputting fake social security numbers and names and receiving a message that they were affected by the breach and other reports of the website not functioning properly or as expected, so clearly this website is not performing as it was intended.Īnd to top all things off, there’s even some evidence to suggest some very shady and possible illegal practices that took place, such as insider trading. Although the senior Equifax executives that traded almost $2,000,000 worth of shares claim they weren’t aware of the breach, many people are not buying that. This is especially problematic given that some have pointed out potential security risks with that website. So now we’re supposed to trust Equifax with that information after that same information just got hacked? While the security breach is bad enough, Equifax has had a horrible response to the problem.Įquifax set up the following website for consumers to check if they were affected: But there are several problems with the website.įor one, it requires you to input the last six digits of your social security number which is what some of the breached data included. Personal information of people in the UK and Canada.
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