Hultgren Presses Equifax CEO over Harm to Illinois Residents
Washington, DC — U.S. Representative Randy Hultgren (IL-14) today pressed former Chair and CEO of Equifax, Richard Smith, who appeared before the Financial Services Committee to defend his company’s handling of a data breach which exposed the sensitive personal information of 143 million American consumers. Rep. Hultgren relayed stories from several of his constituents in the 14th Congressional District who were harmed, and pressed Mr. Smith for answers.
Rep. Hultgren read stories from the following constituents:
Marty from Wauconda, Illinois
“Equifax has jeopardized my private information, which I never gave them. Why should I have to do all of the work to monitor my credit? They should have done it for me or pay me to do all of this signing up and freezing my credit reports. They should pay me for my time. Should someone go to jail for this?”
James from Spring Grove, Illinois
“This company’s careless actions have caused the loss of personal information on a scale never seen before. Not due to some new or sophisticated hacking technique, but because they failed to patch their servers for a known problem. Combined with the careless handling of highly-sensitive personal information, and the likely criminal sales of stocks prior to reporting the breach, their actions went far beyond carelessness to negligence. Legislation should be put forward to increase regulations on these entities, not the decreased legislation that is proposed. Equifax must be held accountable, and liable for all damage caused by their breach. And all credit reporting firms must be held to much higher standards of information security.”
John from Elburn, Illinois
“In the last six months, my private personal information has been lost twice…Home Point Financial claims to have lost Social Security numbers, birth dates and driver’s license numbers. Many of these lost numbers cannot be changed…Is it ethical that a company that loses all my personal data also conveniently owns a service that sells a product…to help protect me from its eventual use? It is time that these companies are held liable and forced to offer lifetime memberships. Please help us, all of us. This is out of control.