Privacy & Data Security Law News

Equifax Failed to Match Security to Its Growth, Report Says (1)

Dec. 10, 2018, 5:14 PM

Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House Oversight Committee report.

“Had the company taken action to address its observable security issues prior to this cyberattack, the data breach could have been prevented,” said the report, which was released Dec. 10 and prepared by the committee’s Republican staff.

Equifax didn’t have clear “lines of authority” for ensuring digital security and failed to patch its systems when a...

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