Cybersecurity
Equifax Failed to Match Security to Its Growth, Report Says
- House Oversight Committee issues report on 2017 Equifax hack
- Report says FTC needs more enforcement tools to protect data
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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 cyber attack, the data breach could have been prevented,” according to the report, which was released Monday and prepared by the committee’s Republican staff.