Equifax hack being probed by UK’s financial watchdog

Oct 26, 2017 · techcrunch.com

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The fallout from the massive Equifax hack, publicly disclosed last month, continues: Today the UK’s financial watchdog said it also wants to get to the bottom of what happened.

In a brief statement on its website today, the UK’s Financial Conduct Authority said: "The FCA announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by Equifax Ltd on the servers of its US parent."

While US consumers were the primary victims of the massive data breach, at the time of the public disclosure Equifax also said some UK consumers were affected.

The company has since said it believes hackers accessed info on nearly 700,000 UK consumers, although it has also said a total of 15.2 million records on British citizens could have been involved in the breach.

Reuters reports that the FCA statement follows a letter sent to it from the chair of the UK’s House of Commons’ Treasury Committee asking if Equifax violated terms of its license to operate in the UK, and querying whether the regulator has the power to compel it to provide compensation to UK consumers impacted by the breach.

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