Equifax Breach

The Equifax data breach affected roughly 143 million American consumers and compromised sensitive personal information that criminals could use to steal consumers’ identity for years to come.

Congresswoman Maloney believes Equifax violated federal law by failing to take simple but critical steps to prevent the data breach from happening in the first place and she is dedicated to holding Equifax accountable and preventing similar security breaches in future. 

In a hearing of the House Financial Services Committee, Maloney, a senior member of the committee, questioned former Equifax CEO Richard Smith at a hearing on the company’s data breach and charged that the company violated the Federal Trade Commission’s Safeguards Rule by failing to act on the security threat pointed out in a DHS notice. Maloney also questioned Mr. Smith on Equifax’s patch management system and outdated corporate governance model.

In a September letter, Congresswoman Maloney asked the CEOs of credit reporting agencies TransUnion and Experian about their security measures after hackers accessed the personal financial information of more than 140 million United States individuals stored by Equifax.

Congresswoman Carolyn B. Maloney also called for an investigation into the decision by the IRS to award Equifax a no-bid contract to provide tax fraud protection services just three weeks after the public disclosure of the company’s major security and data breach. Rep. Maloney, senior member of the House Committee on Oversight and Government Reform, asked Chairman Trey Gowdy and Ranking Member Elijah Cummings to convene this hearing.

More on Equifax Breach

Oct 10, 2017 Press Release

WASHINGTON, DC – Congresswoman Carolyn B. Maloney (NY-12) today called for an investigation into the decision by the IRS to award Equifax a no-bid contract to provide tax fraud protection services just three weeks after the public disclosure of the company’s major security and data breach. Rep. Maloney, senior member of the House Committee on Oversight and Government Reform, asked Chairman Trey Gowdy and Ranking Member Elijah Cummings to convene this hearing.

Oct 5, 2017 Press Release

WASHINGTON, DC—Congresswoman Carolyn B. Maloney (NY-12), senior member of the House Committee of Financial Services, today questioned former Equifax CEO Richard Smith at a hearing on the company’s data breach and charged that the company violated the Federal Trade Commission’s Safeguards Rule by failing to act on the security threat pointed out in a DHS notice. Maloney also questioned Mr. Smith on Equifax’s patch management system and outdated corporate governance model.

Sep 13, 2017 In The News

A top Democrat on the House Financial Services Committee asked Equifax’s competitors on Wednesday whether they’ve taken steps to prevent a similar security breach.

Rep. Carolyn Maloney (D-N.Y.) asked the CEOs of credit reporting agencies TransUnion and Experian about their security measures after hackers accessed the personal financial information of more than 140 million United States individuals stored by Equifax.

Sep 13, 2017 Press Release

WASHINGTON, DC—Congresswoman Carolyn B. Maloney (NY-12), Ranking Member of the House Financial Services Subcommittee on Capital Markets, Securities, and Investment; today requested information from the CEOs of TransUnion and Experian as to how each company is addressing its information security program in light of the Equifax data breach.