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After its American Consumers, Equifax Faces Data Breach into its UK Customers

The regulatory problem of Equifax Inc. has gone from bad to worse. The company that provides credit reference is facing American investigations into the data theft from a PC-hack involving sensitive information of 145.5m customers. Now, to add to its woes Equifax is about to experience a probe in United Kingdom where information on 694,000 customers has been stolen.

On October 24, 2017 the Financial Conduct Authority (FCA) of U.K stated that it would give the necessary attention to the hack, a cyber-attack comparable to the largest ones in history. With power to monetarily penalize companies alternatively to even rescind their authorization, the agency stops them performing credit checks inside the country.

Briefly FCA stated on its portal that it was examining all things associated with the incident of cyber security which resulted in the leakage of British consumers' data with Equifax Ltd on its US owners' servers. Whilst the main people victimized with the huge data-hack were US consumers, when the public disclosure was made Equifax as well stated that the breach affected a group of UK consumers too. Techcrunch.com posted this, October 24, 2017.

Ever since, Equifax has confirmed that hackers managed reading information belonging to almost 700,000 UK customers, albeit the company has as well stated that an aggregate of 15.2m records related to British consumers were possibly involved during the incident. According to FCA, in 2016, it got more than 8,000 reports about probable online frauds, with Londoners registering most complaints after which people of Birmingham then Belfast and lastly Guilford registered their number of complaints successively

FCA has posted a warning on its website listing the firms identified as operating devoid of authorization. Presently, about 4,000.firms exist on the agency's list which according to FCA must be eschewed. As per Equifax, the company had already embarked upon joint tasks with FCA as well as other authorities.

The company further stated that the incident was an opportunity for assimilating lessons that the offensive cyber assault gave so that every business could better safeguard customers henceforth, adding that the statement was made keeping in mind the interest of general public.

» SPAMfighter News - 10/30/2017

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