The FTC is looking into the Equifax breach

15 September, 2017, 00:35 | Author: Regina Lloyd
  • Regarding Equifax | Make Credit Freezes Free In Illinois

"The vulnerability was Apache Struts CVE-2017-5638", Equifax said in a frequently-asked-questions section of a website it set up to help people affected.

But it's not clear if the credit agency giant went through the time consuming process of updating its systems to fix the bug - leaving themselves open to a major security breach. "CAA did not handle or retain any of the information provided to Equifax", said Ian Jack, CAA managing director of communications and government relations.

Recently, Equifax disclosed the exposed data of around 143 million Americans during a cyberattack.

The vulnerability allows remote attackers to execute arbitrary commands via a #cmd= string in a crafted Content-Type HTTP header, and was patched in March 2017.

'This illustrates how widespread the risk is'. Shares of rival Experian Plc, which trade in London, dropped as much as 6.4 percent on Thursday.

The vulnerability was a critical weakness for many large websites that were built using the software. Since Equifax announced the breach last week, the Attorney General's office has received a number of calls from concerned Arkansans - and hopes more will do the same.

'We know that criminals exploited a USA website application vulnerability. They tumbled to a more than two-year low on Thursday after the company confirmed a fixable web server vulnerability was exploited in the hack, but the stock later recovered somewhat. We continue to work with law enforcement as part of our criminal investigation, and have shared indicators of compromise with law enforcement'. Equifax is offering to affected parties free credit file monitoring and identity theft protection.

The majority of America's adult population was affected by the credit bureau's breach. Equifax Chief Executive Officer Richard Smith, is expected to testify on October 3 before a U.S. House of Representatives panel.

'I apologize to consumers and our business customers for the concern and frustration this causes. That's, uh, not a good look for Equifax's data security team. In an updated statement on its Equifax Security website, it said that it has been "intensely investigating the scope of the intrusion with the assistance of a leading, independent cybersecurity firm to determine what information was accessed and who has been impacted" and the firm determined that the attackers exploited the website application vulnerability. The sales came before the breach was announced to the public.



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