Equifax fined £500,000 over customer data breach

Equi Fax was fined 500,000 pounds after a catastrophic data violation in 2017 and led to a compromise on data belonging to 15 million British citizens.

Last year, the credit monitoring service suffered a data violation stolen 146 million records. Customers around the world are affected, the vast majority of which are resident in the United States.

Information released for easy security measures included name, date of birth, address, telephone number, details of driver's license, social security number, credit card data.

Equifax points out a vulnerability to cyber attack as part of Apache Struts. However, a fix to solve the problem of CVE-2017-5638 was provided, but this has not been applied to the company's system in a timely manner.

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The secretariat of the British Information Office (ICO) imposed a fine following the investigation of the violation.

The security incident affected many US citizens, but if we include 15 million British citizens for data leakage, even though the system at the center of the issue is based in the US,

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"Equifax was responsible for personal information of customers in the UK," OIC says. The company 's UK branch did not take appropriate measures to ensure the protection of information by Equifax, the parent company of the United States that was processing the data. "

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In a survey conducted with the help of the Financial Conduct Authority (FCA), under the Data Protection Act of 1998, it turned out that Equifax failed under five data principles.

According to British law, Equifax can not protect personal data and also carries poor retention practices, according to British dogs. The ICO also stated that "legal grounds are missing" [the] International relocation of data from British citizens "

Equifax spokeswoman told ZDNet:

"We received a monetary fine notification from the Information Committee (ICO) office on Wednesday afternoon and confirmed the details presented.

Equifax is fully cooperating with ICO during the investigation and is disappointed with the results …

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