Last Thursday the company gave a statement where they said that they will alert all of those who were affected by this unwelcome event, and they went a step further by setting up a special web page - equifaxsecurity2017.com - which has a task of simplifying the breach to consumers and checking whether they were affected or not.
Equifax is offering everyone in the United States free credit monitoring services.
"I would say any of the credit reporting agencies; I would consider it the mother-load of data for someone who wants your data", he says. They announced that 143 million American consumers' sensitive information could get affected by this incident.
The senator isn't just speaking out online.
Equifax released a statement on their website.
In the last few months, they have been expanding their microfinance offerings, and partnered with the International Finance Corporation to "deepen coverage" of credit reports of Self-Help Groups in India. Millions of Americans have bad credit because of mistakes from credit agencies, and it can ruin lives, stopping people from getting a job or owning a home or vehicle. The Atlanta-based company now faces multiple state and federal investigations, and a proposed multibillion-dollar class action lawsuit was filed against Equifax. That restricts access to your credit information, which makes it more hard for hackers to open accounts in your name. Equifax has acknowledged that the data breach was discovered on July 29.
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Two victims in OR, affected by the breach - Mary McHill from Portland, and Brook Reinhard from Eugene - have filed a national class action lawsuit. That's because, as one of three nationwide credit-reporting agencies, Equifax gets its data from credit card companies, banks, retailers and lenders - often without consumers knowing it. That stops thieves from opening new credit cards or loans in your name, but it also prevents you from opening new accounts. Others expressed frustration that three senior executives sold about $1.8 million in stock in the days following the discovery of the hack.
While their services are essential to the US economy, the credit-reporting bureaus don't have the same regulatory oversight as the financial industry.
Equifax didn't immediately return a request for comment.
The stock has fallen more than 25 percent since Thursday and the company is meeting with investors this week in NY in hopes to contain the fallout.
Equifax spokesperson told The Guardianand Gizmodo that the executives had "no knowledge" of the breach at the time they sold their shares.