“Somebody Goes To Jail” – Senator Says Equifax Execs Should Face Criminal Investigation

peoples trust toronto

Little more than a day after Equifax disclosed that hackers had infiltrated its cybersecurity systems and ?compromised? the personal data of 143 million Americans, the company was hit with its first class-action lawsuit, which alleged that the company could?ve prevented the breach if hadn?t instead opted for negligent cost-cutting.

That suit, seeking $70 billion, was filed by Mary McHill and Brook Reinhard in a Portland, Ore. court.

?In an attempt to increase profits, Equifax negligently failed to maintain adequate technological safeguards to protect Ms. McHill and Mr. Reinhard?s information from unauthorized access by hackers,? the complaint stated.

?Equifax knew and should have known that failure to maintain adequate technological safeguards would eventually result in a massive data breach. Equifax could have and should have substantially increased the amount of money it spent to protect against cyber-attacks but chose not to.?

While the Equifax breach wasn?t the largest-ever in terms of…

View original post 695 more words