Equifax was fined 500 thousand pounds for breach of 140 million user data.


Equifax was fined 500 thousand pounds for breach of 140 million user data.

Sina Technologies News September 25 morning, according to Taiwan's media iThome.com.tw reported that the third largest consumer credit reporting industry Equifax in the United States between May and July 2017 was hacked, resulting in the leakage of 146 million users'information, although the hosts were located in the United States, and the majority of the victims were Americans, but The ICO (Information Commissioner's Office) this week ordered Equifax to pay a 500,000 fine, the maximum penalty imposed by local laws.

A survey by the ICO and the Financial Conduct Authority (FSA) found many faults in Equifax, including long retention times, slow patching of IT systems, and problems with auditing procedures. In addition, the Department of Homeland Security warned Equifax of vulnerabilities as early as March 2017, but Equifax did not take effective remedial measures.

Equifax leaked 15 million British people with names, birthdays, addresses, passwords, driver's licenses and financial details.

Elizabeth Denham, the information commissioner, said the potential financial fraud caused by the leakage of personal information not only upset consumers, but also undermined their trust in digital commerce. Moreover, many affected consumers had no idea that Equifax had their information.

Since the accident happened before the introduction of the EU General Data Protection Rules (GDP R), the ICO cited penalties from the Data Protection Act 1998, which was used in the past, although the maximum penalty has been imposed, should be much less than GDP R.


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