• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechEquifax

Senators Want Answers From Equifax Over Its Massive Data Breach

Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
September 12, 2017, 7:52 AM ET

The hits just keep coming for Equifax in the wake of last Thursday’s disclosure of a security breach that may have exposed personal data on up to 143 million people.

Late Monday, the U.S. Senate Committee on Finance informed Equifax CEO Richard Smith that it wants to hear more—a lot more—about the breach. Senators want more information specifically about the types of data that may have been accessed beyond social security numbers and birthdates. Information on some 200,000 credit card holders may have also been compromised. And the committee really wants to know what safeguards Equifax had been using to keep consumer data secure.

In its letter, which is copied in the committee’s press release, the committee asked if Equifax (EFX) has a chief information security officer (CISO) and, if so, to whom that executive reports. The committee also wants a tally of how many employees are dedicated to data security and how often Equifax used an outside experts to conduct penetration tests of both internal and external systems in the past two years.

Companies typically conduct penetration, or “pen tests,” by security experts to find vulnerabilities that could be exploited before bad guys can find and exploit them.

In the days since Equifax disclosed the breach on September 7, claims and counterclaims have swirled around the cause. All Equifax itself has said is that “criminals exploited a U.S. website application vulnerability to gain access to certain files.”

Clearly, more information is needed by regulators and consumers alike. Equifax’s response to date has been slammed. Critics said the company used the breach to tout its own paid credit protection services. Additionally, the website it put up to help customers figure out if they were impacted, itself posed security problems.

Related: Equifax Could Make $700 Million Off Its Own Breach

“The scope and scale of this breach appears to make it one of the largest on record, and the sensitivity of the information compromised may make it the most costly to taxpayers and consumers,” according to the letter from the committee, which is chaired by by Orrin Hatch (R-Utah) with ranking Democrat Ron Wyden (D-Ore.).

The committee also wants to hear about an earlier breach in which W-2 and employee records data was taken from TALX, an Equifax subsidiary that handles payroll for companies.

On Friday, Jeb Hensarling, (R.-Texas) said the House Financial Services Committee wants its own look into the Equifax mess.

Get Data Sheet, Fortune’s technology newsletter.

There have been third-hand claims that Equifax’s use of particular piece of open-source software is at the core of this problem. But that’s a red herring, says a long-time security consultant. He requested anonymity because he works for government agencies and is not authorized to speak to the media.

“Forget the particular patches or bugs,” he says. “What is Equifax’s overall approach to security? Does it work with third-party auditors and security folks to protect what is essentially a good chunk of the U.S. economy?”

All software, including aging Java software that is used by most Fortune 500 and other large companies, has vulnerabilities. And that is true even if those companies use a commercially supported version of open-source software purchased from a vendor. Those frailties, if found by criminals before a company’s own security experts, can and will be exploited.

The issue here is how much due diligence this credit agency put into bullet-proofing that software. And that is apparently what the senators on the Finance Committee aim to find out.

The Committee set a deadline of September 28 for Equifax to respond.

About the Author
Barb Darrow
By Barb Darrow
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
15 hours ago
placeholder alt text
C-Suite
Fortune 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
22 hours ago
placeholder alt text
Commentary
Yes, you're getting a bigger tax refund. Your kids won't thank you for the $3 trillion it's adding to the deficit
By Daniel BunnJanuary 26, 2026
3 days ago
placeholder alt text
Real Estate
Ryan Serhant thinks the American Dream was just a 'slogan created by banks,' but it was really about FDR, the Great Depression, and an economic crisis
By Sydney Lake and Nick LichtenbergJanuary 26, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 27, 2026
By Joseph HostetlerJanuary 27, 2026
2 days ago
placeholder alt text
Success
As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees to ‘reinvent themselves’ before their roles change forever
By Emma BurleighJanuary 27, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

Big TechTesla
Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X
By Jessica MathewsJanuary 28, 2026
4 hours ago
Bald man with glasses and black shirt.
Big TechFortune 500
Microsoft demand backlog doubles to $625 billion thanks to OpenAI, but hefty spending and slower revenue growth spook investors
By Amanda GerutJanuary 28, 2026
5 hours ago
MagazineSamsung
How Samsung’s first-ever chief design officer is reinventing the electronics giant for the AI age
By Nicholas GordonJanuary 28, 2026
7 hours ago
Mark Zuckerberg, chief executive officer of Meta Platforms Inc
AIMeta
Meta beats on Q4 revenue as Mark Zuckerberg predicts a ‘major AI acceleration’ in 2026—with up to $135 billion in capex spending to match
By Sharon GoldmanJanuary 28, 2026
8 hours ago
ServiceNow CEO Bill McDermott
InvestingServiceNow
ServiceNow stock falls despite earnings beat as CEO Bill McDermott tries to get investors to stop thinking of it as a SaaS company
By Jeremy KahnJanuary 28, 2026
9 hours ago
people with masks over their faces sit cross-legged, crowded next to each other
CryptoCryptocurrency
Judge hits Chinese crypto scammer who helped swindle $37 million from U.S. victims with 46-month sentence
By Carlos GarciaJanuary 28, 2026
10 hours ago