Published: Thu, October 12, 2017
Science | By Hubert Green

Equifax shares drop nearly 3 percent after new cyberbreach

Equifax shares drop nearly 3 percent after new cyberbreach

"We are aware of the situation identified on the equifax.com website in the credit report assistance link", said Equifax spokesman Wyatt Jeffries. Equifax says it took the page down "out of an abundance of caution" as it investigates.

Independent security analyst Randy Abrams claims that the company's website was compromised for several hours on October 11 and was redirecting customers to a fake Adobe Flash update download.

As of 1:15 p.m. (1715 GMT), the web page in question said: "We're sorry".

The web page in question now displays an error message that tells visitors "the website is now down for maintenance".

Shares of Equifax were down about 1.7 percent at around 1:55 p.m. ET.

However, since the breach was reported earlier this year, Equifax has proven again and again that it isn't even capable of that. Then he successfully replicated the problem at least five times, making a video that he posted to YouTube.

The possibility of another malicious hack at Equifax comes just a week after the company's former chief executive, Richard Smith, was grilled by angry lawmakers over a massive data breach that may have compromised the sensitive information of as many as 145 million people.

The company, whose disclosure last month sparked an outcry and a congressional investigation, issued a statement after a news report said malware was installed on one of the credit reporting agency's web pages.

As a credit reporting agency, Equifax keeps vast amounts of consumer data for banks and other creditors to use to determine the chances of their customers' defaulting.

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