Equifax hack: What you need to know

The apology through Equifax CEO in USA Today about the company’s massive cybersecurity breach wasn’t enough to satisfy Senator Mark Warner.

The Democrat through Virginia said in a letter to the Federal Trade Commission Wednesday that will he wants the FTC to investigate the issue.

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“The American people deserve to know that will their government can be serious about learning through as well as responding to This particular truly concerning incident, as well as that will the idea can be taking all appropriate steps to help ensure the idea cannot happen again,” Warner wrote.

Shares of Equifax (EFX) plunged 15% Wednesday following the Discharge of Warner’s letter mid-afternoon. The crisis can be clearly not over. Not by a long shot. The stock dipped below the $100 level for the 1st time since February 2016.

Equifax’s stock can be today down 30% since the company first revealed the data breach, which exposed sensitive personal information of 143 million Americans, last Friday.

Related: Equifax turned hack into a PR disaster

Equifax CEO Richard Smith wrote in an op-ed piece in USA Today late Tuesday that will the breach was “the most humbling moment” in Equifax’s history as well as that will Equifax can be “devoting extraordinary resources to make sure This particular kind of incident doesn’t happen again.”

nevertheless Smith did not address the fact that will three Equifax executives, including its chief financial officer, sold nearly $2 million in shares in August — just after Equifax learned of the security breach nevertheless weeks before the idea decided to tell consumers as well as investors.

Warner wrote in his letter that will Equifax’s actions after disclosing the hack “also raise serious concerns about the company’s data security practices.”

Legal problems may continue to mount for Equifax. The attorney general of Massachusetts has already announced plans to file a lawsuit against the company. Several members of Congress have called for hearings as well.

Related: What can be a credit freeze as well as should you do the idea if you’re worried about Equifax?

The data breach has the potential to be a nightmare for consumers, not just within the U.S. nevertheless also places like Canada as well as the U.K. where Equifax does business as well.

People who are worried about their credit information being compromised as well as potential identity theft have been urged to contact Equifax as well as rival rating agencies TransUnion as well as Experian to get their credit frozen, or at the very least, monitored.

Equifax was not immediately available for comment about Warner’s letter as well as the slide within the stock cost.

sy88pgw (brand-new York) First published September 13, 2017: 2:43 PM ET