Mark Warner wants the FTC to investigate Equifax's cybersecurity practices, and questions the company's response to consumers who were potentially impacted by the breach.
A top senator is calling for an investigation into the Equifax hack.
Sen. Mark R. Warner (D-Va) asked the Federal Trade Commission on Wednesday to examine the recent cyber hack of Equifax, the credit reporting agency.
He requested an FTC investigation into the firm's cybersecurity practices, and questions the company's response to consumers who were potentially impacted by the breach.
Equifax reported a massive data breach last week, saying that personal details, including names and Social Security numbers, of more than 143 million customers were potentially accessed by hackers from mid-May to July. Equifax said credit-card numbers for about 209,000 people and certain documents for another 182,000 were also accessed.
The disclosure was met with swift criticism because of the delay in alerting the public to the hack, and over the website that Equifax set up to allow people to check if their details were at risk. Three senior executives at the company dumped almost $2 million worth of stock days after the company learned of the data breach in late July. An emailed statement from the credit-monitoring agency said the executives "had no knowledge" of the breach beforehand.
Warner said the security lapses "potentially indicate a pattern of security failings" by the company.
Equifax's stock is down by 5.7% on Wednesday. It has tumbled by 23% since the news broke last week.
The full letter from Sen. Warner is below:
Mark Warner wants the FTC to investigate Equifax's cybersecurity practices, and questions the company's response to consumers who were potentially impacted by the breach. Read Full Story
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