• Monday, August 15, 2022

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Equifax fined £500,000 for 2017 Customer Security Breach

British Regulator ICO Fines Equifax £500,000 for 2017 Security Breach (Photo Credit: KIRILL KUDRYAVTSEV/AFP/Getty Images).

By: Radhakrishna N S

The British regulator, the Information Commissioner’s Office (ICO) has fined credit reference company Equifax Inc’s UK arm, Equifax Ltd with a £500,000 for failing to protect the personal information of up to 15 million UK citizens during a cyber attack in 2017. The incident, which happened between May 13 and July 30, 2017, in the US, affected 146 million customers globally. The ICO investigation found that, although the information systems in the US were compromised, Equifax Ltd was responsible for the personal information of its UK customers. The UK arm of the company failed to take appropriate steps to ensure its American…

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