1 Year After Equifax Data Breach, Not Enough Has Changed

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September 7th, 2018

Former Equifax Chair and CEO Richard Smith testified before the Senate Banking Committee on Oct. 4, 2017, about the data breach it disclosed on Sept. 7. Senators focused their questions on what he and other Equifax executives knew about the data breach and when. They also pressed Smith on how Equifax had been able to lock down a security contract with the IRS in the wake of the latest data breach. This was the second of four congressional hearings Smith was scheduled to testify at in a week’s time.

Courtesy of C-SPAN

Just as Hurricane Irma was making its way toward South Florida, Equifax decided to reveal that it was the victim of a data breach that impacted about half of all adults in the U.S. – 147.9 million people. Personal information, such as birth dates and Social Security numbers, was exposed.

It was Sept. 7, 2017, and it was the worst known data breach in history. Some predicted the Atlanta-based credit-reporting agency would soon be out of business.

But a year later, the company has mostly bounced back, and analysts say not enough has changed.

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