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FTC investigating Equifax data breach

Staff Writer |
The Federal Trade Commission said Thursday it is investigating the credit reporting agency Equifax over a data breach.

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The breach compromised the personal data of an estimated 143 million Americans.

The breach, which was disclosed last week, includes individuals' Social Security numbers and other sensitive information that could be used by hackers to gain access to someone's bank accounts or tax returns.

FTC spokesman Peter Kaplan told The Wall Street Journal the agency does not typically comment on ongoing investigations, but confirmed one was underway "in light of the intense public interest and the potential impact of this matter."

The FTC is one of two federal agencies, along with the Consumer Financial Protection Bureau, that is responsible for regulating Equifax and other credit rating agencies.

Specifically, the FTC is tasked with ensuring Equifax is using proper security methods to protect consumers' data online.

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