Indiana Attorney General Hill To Investigate Equifax Data Breach

Lloyd Doyle
September 23, 2017

McCaskill has also joined a bipartisan group of senators in calling for the Securities & Exchange Commission, Department of Justice, and Federal Trade Commission to investigate the sale of almost $2 million in Equifax securities held by high-level Equifax executives shortly after the company learned of its massive cybersecurity breach.

In a letter sent Friday to the Equifax legal team, Hill pledged to "pursue all penalties and remedies under the law" on behalf of the 3.8 million Hoosiers who have been made vulnerable to "identity theft and financial ruin". "The Freedom from Equifax Exploitation Act will give consumers more control and help protect consumer privacy by prohibiting credit reporting companies like Equifax from charging their consumers for freezing and unfreezing their credit information".

Kansas Attorney General Derek Schmidt today offered updated information for consumers following the recent Equifax data breach.

Under the law, those affected are entitled to a free credit report from each of the three major consumer credit reporting agencies (Equifax, Experian, and TransUnion) once a year. "If you have any credit cards on file or loyalty points, they can monetize them". Also, consumers who paid a security freeze as of September 7th will get a refund.

The data is an easy way for hackers to take over accounts as it provides names, emails and credit card data. The Freedom from Equifax Exploitation Act helps address this problem by creating a federal requirement for credit reporting agencies to freeze (as well as temporarily or permanently unfreeze) access to credit files at a consumer's request and at no cost. You must renew a fraud alert every 90 days to keep it active.

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