'Monopoly Man' shows up at Equifax Senate hearing

1 Prepared Testimony of Richard F. Smith before the US House Committee on Energy and ... -

"As soon as we had enough information to begin notification, we took appropriate steps to do so", the company says.

"This simply is not a company that deserves to be trusted with Americans' personal data", said Sen. "Your actions have exposed over half the country's adults to financial harm".

Playing the Monopoly man who scrunched his eye to hold his monocle in place, twisted his white mustache and dabbed his forehead with money, Werner channeled the board game figure to raise awareness about a key issue resulting from the credit bureau's massive data breach that compromised the personal information of more than 145 million people: forced arbitration.

- Separately, the administration of President Donald Trump is considering replacing the use of Social Security numbers as personal identifiers in the wake of the Equifax hack, White House cyber-security coordinator Rob Joyce said at a conference on October 3, Bloomberg reported. In addition to the piracy itself, the investigators also question the sale of shares of the group by certain executive officers in the days following the discovery of the attack at the end of July.

On its Twitter account, Equifax initially directed consumers to "", a fake site created by an outside software engineer.

Schakowsky and other members of the Energy and Commerce Committee also have reintroduced the Secure and Protect Americans' Data Act following the breach.

Wednesday's hearing was the second of four hearings for Smith this week as lawmakers scrutinize the breach.

"What we have seen since this data breach is just an outrageous display of corporate malfeasance", he said. "If you think you're safe, that's probably when you're not", he said. "My data is the product that you sell". By barring individuals from joining collective lawsuits with these clauses, fewer people are willing to challenge corporations in court, effectively concealing potential wrongdoing, she said. "I mean I don't pay extra in a restaurant to prevent the waiter from spittin' in my food", the senator said.

Equifax's lax cyber defenses made it an easy target. The data of customers in Canada and the United Kingdom have also been stolen.

Members of the Congressional panel expressed serious concerns about three Equifax executives selling more than $1 million worth of stock several weeks before the company disclosed the breach. This breach has impacted all of them.

Great, because we needed some more news to add to the EQUIFAX saga. The site not only proved unhelpful and confusing, it then directed many to sign up for Equifax's credit monitoring product TrustID.

"This is considered a critical service that can not lapse", the filing Friday reads, saying that the Equifax contract will prevent a lapse in identity check as the IRS resolves another contract. "These are honorable men", he said.

"We could have this hearing every year from now on if we don't do something to change the current system", Rep. Barton (R-Texas) said.