UK financial service regulators only learned of the Equifax mega-breach through media reports.
The admission comes in correspondence from the Financial Conduct Authority (FCA) released by Treasury Committee on Tuesday. A letter from the FCA to Nicky Morgan MP, chair of the Treasury Committee, confirms that the regulator is looking into the credit reference agency’s much-criticised handling of the breach.
Equifax initially said a breach that affected 145 million US consumers also hit 400,000 Brits. That admission came on September 15 but a month later the firm admitted that it had underestimated the impact of the breach on UK customers.
Equifax admitted that […] Read more