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Investigation into Experian breach and how it happened

Multiple US states are now investigating a major data breach suffered by a company Experian purchased, with more than 200 million people exposed (LON:EXPN)

| Hacking & Security News | Posted: Apr 4, 2014 2:37 am

Credit bureau Experian is now facing a multi-state investigation following a data breach that left almost 200 million people at risk of data theft.

 

TweakTown image news/3/6/36753_01_investigation_into_experian_breach_and_how_it_happened.jpg

 

"We are investigating," according to a spokeswoman for Illinois Attorney General Lisa Madigan, in a statement to Reuters. "It's part of a multi-state investigation."

 

Vietnamese citizen Hieu Minh Ngo pleaded guilty for his part in the theft, in which he sold stolen information to a large number of cybercriminals.

 

It shouldn't be surprising to hear there is a thorough investigation into the breach - not only was the company compromised using clever social engineering - Experian is a leading credit bureau in the United States.

 

President Barack Obama's administration wants companies to do a better job of keeping customer data secure, as lucrative underground black markets exist for the data. However, companies tend to be lackadaisical until some type of regulation is passed - or if a breach happens and decision makers don't want the same issues to happen again.

NEWS SOURCE
Krebsonsecurity.com

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