One hundred thousand Canadians likely affected by Equifax cyber breach

Wednesday, 20 Sep, 2017

Bloomberg was first to report earlier this month that three Equifax executives - Chief Financial Officer John Gamble, President of U.S. Information Solutions Joseph Loughran, and President of Workforce Solutions Rodolfo Ploder - sold stock in the company totaling almost $2 million in the days after the breach was discovered on July 29. And Equifax faces multiple federal investigations on the breach as well as over reports that executives sold an unusual amount stock before the July hack was disclosed. Equifax brought in FireEye-owned Mandiant to help investigate the first incident in March and did the same after it discovered the second attack during the summer. However, Equifax denies the incidents are related. Equifax, which said it learned of the breach in late July, also said credit card numbers for about 209,000 people and certain documents for another 182,000 were also accessed.

"Mandiant has investigated both events and found no evidence that these two separate events or the attackers were related".

Prosecutors are looking at the stock sales by Equifax Chief Financial Officer John Gamble; President of U.S. Information Solutions Joseph Loughran; and President of Workforce Solutions Rodolfo Ploder, said two people, who asked not to be named because the probe is confidential.

Equifax said on Friday that data on up to 400,000 Britons was stolen in the hack because it was stored in the United States.

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Equifax is also facing several inquiries and class-action lawsuits, including Congressional investigations, queries by the Federal Trade Commission and the Consumer Financial Protection Bureau, as well as several state attorneys general.

Five organizations are known to have received warnings from Equifax that their data was unlawfully accessed in March, and the company also sent a letter to the New Hampshire attorney general admitting to the breach. The three executives sold shares worth nearly $1.8 million in early August.

In a statement also issued on September 15, Equifax noted that in the United Kingdom (UK) it would likely only to need to contact approximately 400,000 customers about the potential impact of the data breach. However, the vulnerability could have been fixed back in early March when patches became available.