Cybersecurity
Ireland Experian Probe, Copper ETF, JPMorgan: Compliance
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Experian Plc, the credit-reporting service with financial information on more than 740 million consumers, is being investigated by Irish regulators in the wake of a series of breaches of the company’s databases.
The Office of the Data Protection Commissioner in Ireland has opened a preliminary inquiry into the security practices of Dublin-based Experian, said Gary Davis, the agency’s deputy commissioner. The move was prompted by an Oct. 29 story on Bloomberg.com’s Tech Blog showing that Experian’s database was invaded at least 80 times, leading to the theft of almost 15,500 credit reports since 2006, he said. Hackers infiltrated Experian using passwords stolen from its customers, and invasions weren’t immediately detected.