Equifax hack: Treasury committee chair Nicky Morgan demands answers on massive data breach and further information from Financial Conduct Authority

by

Equifax may face a grilling by UK MPs after ex-CEO Richard Smith faced US congress (Source: Getty)

Equifax could face another grilling, this time from UK politicians, who have demanded answers over why it took so long to notify customers of a massive data breach.

The head of the influential treasury select committee Nicky Morgan has written to the credit agency's European president Patricio Remon and warned that it may be asked to explain itself to the group of MPs.

Read more: Equifax ups its estimates of British victims of hack to 700,000

It comes after the firm revealed that 15.2m UK records were exposed and 700,000 are affected, much more than the 400,000 it had originally identified.

And Morgan has also asked the City watchdog for information on Equifax's response and any further action the Financial Conduct Authority may be considering.

“Equifax has taken too long to notify those affected by its widespread cyber-security breach. People have been left in the dark for too long, which has increased the risk that they fall victim to identity theft and fraud," said Morgan.

“It is particularly concerning that the breach occurred in a business that sells identity protection services, and is looking to take advantage of the commercial opportunities afforded by data sharing initiatives, such as Open Banking.

Read more: Human error and tech to blame for Equifax hack, ex-CEO tells congress

“Mr Remon has said that the immediate focus of Equifax is to ‘support those affected by this incident’. The treasury committee will hold him to these words, and will consider taking public evidence from Equifax, particularly if it does not receive a full and timely response to these questions."

The former chief executive of Equifax Richard Smith who stood down in the wake of the scandal was last week forced to explain himself to US congress.

Tags: Cybercrime