UK financial watchdog investigates Equifax hacking

Equifax trading information along with also the company logo are displayed on a screen where the stock is usually traded on the floor of the brand-new York Stock Exchange in brand-new York.

Brendan McDermid | Reuters

Equifax trading information along with also the company logo are displayed on a screen where the stock is usually traded on the floor of the brand-new York Stock Exchange in brand-new York.

Britain’s markets watchdog said This particular has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens.

“The Financial Conduct Authority announces today which This particular is usually investigating the circumstances surrounding a cybersecurity incident which led to the loss of U.K. customer data held by Equifax Ltd on the servers of its U.S. parent,” the watchdog said in a statement on Tuesday.

“This particular statement is usually made given the public interest in these matters.”

The announcement follows a letter coming from Nicky Morgan, chair of the House of Commons’ Treasury Committee to the watchdog, asking if Equifax had violated terms of its license to operate inside country, along with also whether the regulator had the power to compel the company to provide compensation to UK consumers.

Equifax said This particular was already working closely with the FCA along with also different authorities.

“We welcome This particular opportunity to learn the lessons coming from This particular criminal cyber-attack in order for all businesses to better protect consumers inside future,” the company said in a statement.

Equifax has said which 15.2 million records on British citizens were involved inside breach, including sensitive data on what This particular said were 693,665 individuals, for whom credit protection services were offered.

The U.K. data accessed by unknown hackers included credit accounts, user credentials, partial credit card details along with also driver license numbers. The remaining 14.5 million records contained names along with also birth dates of U.K. consumers were “potentially compromised”, the company disclosed.

Equifax first revealed in September This particular had been the target of a massive data breach which hit around 143 million people, mostly inside United States.

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