Even so, the revelation of an earlier breach will likely raise questions for the company's beleaguered executives over whether that investigation was sufficiently thorough or if it was closed too soon.
If your information has been stolen and used by Internet crooks, they can use it to masquerade as you, obtaining loans in your name, as well as home mortgages, bank accounts and new credit cards. See her story today at 5 p.m.
"We can not accept any less for the people we serve", said Brown, the ranking member of the Senate Banking Committee. "Notice that immediately, I mean immediately, Equifax tried to turn this into a money-making opportunity, by offering "free" credit monitoring that becomes not free after year..."
To make the freeze effective, you must place a freeze with all three credit reporting agencies - Equifax, TransUnion and Experian.
Cuomo said consumer credit reporting agencies operating in NY will be required to register annually with Department of Financial Services by February 1, 2018, and by February 1 of each year afterward. Also, run a free credit check with Equifax, Experian, and TransUnion. Some experts say it is believed that the March breach was made by the same intruders who ended up stealing the information of millions of Americans.
The Office of the Privacy Commissioner of Canada (OPC) officially opened an investigation into the Equifax breach on September 15 after receiving complaints from Canadians.
"If it turns out that they did have knowledge of the breach and they sold prior to disclosure of the breach not as part of their regular, predetermined trading plan, then we're looking at potential insider trading lawsuits and potential law enforcement investigation", Chew told The Hill. Gary Peters, D-Mich. Consumers report getting error messages and are unable to freeze their credit. The agency did not specify which aspects of the breach it's investigating.
Equifax CEO Richard Smith is scheduled to make an appearance on Capitol Hill on October 3 before the House Energy and Commerce Digital Commerce and Consumer Protection Subcommittee. 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.
Lawmakers, regulators and consumers have sharply criticised Equifax's response to the breach as slow, inadequate and confusing.
As a result, many security departments are underfunded or lack the authority to impose sound security practices across the company - including on employees who write software, said Rich Mogull, who runs the security research firm Securosis.
Equifax, under pressure from a massive data breach, says it had a separate incident earlier this year.
Mississippi Attorney General Jim Hood is warning about scams tied to the Equifax security breach.
Adding to Equifax's mountain of troubles, the U.S. justice department has opened a criminal investigation into the sales of the company's stocks, sources familiar with the matter told Bloomberg.