Equifax Blames Breach on Apache Struts Flaw

This image is for use with this specific article only** Equifax says a giant cybersecurity breach compromised the personal information of as many as 143 million Americans â?? almost half the country

The credit agency said the hack of its cybersecurity system may have affected 143 million consumers and included a trove private information including credit card numbers, names, birth dates, Social Security numbers, and more.

The company's stock dropped another 8% in early trading Thursday following the FTC statement. Apache Struts software is especially time-consuming to update because each application needs to be fixed individually. "We know that criminals exploited a USA website application vulnerability", it added. It appears that the credit firm failed to install the security updates that came to patch it up. We continue to work with law enforcement as part of our criminal investigation, and have shared indicators of compromise with law enforcement'. They tumbled to a more than two-year low on Thursday after the company confirmed a fixable web server vulnerability was exploited in the hack, but the stock later recovered somewhat.

Schumer said Equifax's chief executive officer and board might need to resign if the company does not take concrete steps within the next week to protect consumers and agree to testify before lawmakers and federal regulators.

The majority of America's adult population was affected by the credit bureau's breach.

The company said that more than 200,000 credit card numbers were illegally obtained, in addition to 'certain dispute documents with personal identifying information for approximately 182,000 USA consumers'.

Equifax says a giant cybersecurity breach compromised the personal information of as many as 143 million Americans almost half the country
Equifax says a giant cybersecurity breach compromised the personal information of as many as 143 million Americans almost half the country

It adds that personal information that may have been breached includes names, address and Social Insurance Number and "the breach is contained".

Equifax CEO Richard Smith has agreed to testify on October 3 before a U.S. House of Representatives panel, the company said Thursday. "However, in light of the intense public interest and the potential impact of this matter, I can confirm that FTC staff is investigating the Equifax data breach". "So data security and how we go about ensuring that is something we spend a lot of time and effort on".

Information of the breach was finally released to the public on September 7, approximately four months after the breach occurred.

The revelation comes after Equifax last week revealed that criminals "exploited a United States website application vulnerability" to gain access to credit card numbers, dispute documents with personal identifying information, names, Social Security numbers, birth dates, addresses, and some driver's license numbers. "The Terms of Use on www.equifax.com do not apply to the TrustedID Premier product being offered to consumers as a result of the cybersecurity incident".

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