Criminal investigation into Equifax data breach underway

Equifax which holds sensitive data on all UK adults was targeted by hackers in mid-May

Equifax which holds sensitive data on all UK adults was targeted by hackers in mid-MayJUSTIN LANE EPA

U.S. Attorney John Horn said in a statement, "The U.S. Attorney's Office for the Northern District of Georgia is working with the FBI to conduct a criminal investigation into the Equifax breach and resulting theft of personal information".

The legislation has been endorsed by several organizations including the National Consumer Law Center, U.S. Public Interest Research Group, Consumer Action, Americans for Financial Reform, National Association of Consumer Advocates and the Consumer Federation of America.

The credit reporting agency said Tuesday that data compromised in the attack includes names, addresses, social insurance numbers and credit card details. Last week, the company said up to 400,000 people in the United Kingdom may had personal information compromised too. 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. "As we continue our investigation into the Equifax breach, it's vital to ensure that consumer data at the other major credit reporting agencies is safe". Equifax says it's fixed numerous issues people ran into.

Equifax has since been hit with at least 30 lawsuits and is being investigated by multiple states, US Congress and the Federal Bureau of Investigation.

MA and other states: Maura Healey, the attorney general of MA, filed the first state lawsuit against Equifax on Tuesday.

The first incident reportedly affected a small number of outsiders and banking customers, who were notified of it in early March. The House Financial Services Committee and the House Energy and Commerce Committee have each called for hearings on what went wrong leading up to the breach.

Three Equifax executives - not the ones who are departing - sold shares worth a combined $1.8 million just a few days after the company discovered the breach, according to documents filed with securities regulators.

Like the Wells Fargo sales scandal, the Equifax breach is causing bipartisan outrage and concern, but there has been no talk of any new laws to further regulate the industry.

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