FTC Investigating Equifax Security Breach

Sep 14, 2017

More than 24 million financial and banking documents related to mortgages and other consumer loans were leaked online due to a server security lapse

The Federal Trade Commission (FTC) has launched a probe into the data breach of Equifax that resulted in the compromising of confidential data belonging to 143 million consumers.

In a break from agency protocol that involves no public acknowledgment of ongoing investigations, the FTC issued a statement calling attention to its actions.

“The FTC typically does not comment on ongoing investigations,” said Peter Kaplan, the agency’s Acting Director of Public Affairs. “However, in light of the intense public interest and the potential impact of this matter, I can confirm that FTC staff is investigating the Equifax data breach.”

The FTC is not the only federal agency on the case: The Consumer Financial Protection Bureau is also looking into the breach, while members of four different committees within the House of Representatives have called for hearings on the issue.

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Phil Hall

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Sep 14, 2017

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