Monopoly Man Trolls Former Equifax CEO During Senate Hearing

Monopoly Man Trolls Former Equifax CEO During Senate Hearing

New findings show that an additional 2.5 million United States consumers have likely had their personal information exposed, bringing the total number up to 145.5 million people affected by the breach.

Congress members were unsatisfied with Smith's apologies.

The statement said the cybersecurity firm Mandiant made the new estimate after a forensic review of the incident, which is believed to be one of the worst breaches because of the sensitivity of data leaked.

He said that it it wasn't until July 29 that the company's security department observed suspicious network traffic associated with the consumer dispute website and in response, the security department investigated and blocked the suspicious traffic that was identified.

During the hearing, Smith defended Equifax, saying the monitoring business only accounts for a small portion of their services.

It determined that approximately 2.5 million additional USA consumers were potentially impacted, for a total of 145.5 million.

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Richard Smith retired last week but the 57-year-old executive will answer for the breach that the credit bureau acknowledged in early September.

Just because your resume says you exposed the personal data, including Social Security numbers, of some 143 million Americans while practicing unsafe security, it doesn't mean you can't score a multi-million dollar contract with the Internal Revenue Service. He said he was alerted the following day, but was not aware of the scope of the stolen data. No current Equifax employees testified at the hearing.

Smith also said the sales occurred after quarterly earnings were reported, which is a common practice within the company.

Equifax keeps a trove of consumer data for banks and other creditors who want to know whether a customer is likely to default. "It's like the guards at Fort Knox forgot to lock the doors and failed to notice thieves emptying the vaults". Smith will then face the Senate Judiciary Committee at 2:30 p.m. EDT.

Some lawmakers began remarks by thanking Rick Smith, who resigned as Equifax's CEO last month after disclosing the breach, for traveling to Capitol Hill.

"I don't think this is resolved", said Rep. Anna Eshoo.

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