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Equifax Breach "Entirely Preventable": House Oversight Committee

In a report released today, the House Committee on Oversight declared that the Equifax breach, which affected 148 million U.S. consumers, was "entirely preventable." The breach, one of the largest in U.S. history, compromised the authenticating details, including dates of birth and social security numbers, of more than half of American consumers. The House report concluded that Equifax "failed to fully appreciate and mitigate" the cybersecurity risks and placed corporate growth over data security. Despite several agencies, such as the CFPB and the FTC, pledging to take action against Equifax, none have done so. The House Committee recommended that Equifax "provide more transparency to consumers" about data use and security practices and reduce the use of social security numbers as identifiers, longstanding priorities of EPIC. Following the Equifax data breach in 2017, EPIC President Marc Rotenberg testified before the Senate Banking Committee and recommended free credit freezes and other consumer safeguards to mitigate the risk of identity theft.

December 10, 2018| Share: