Business

Congress Grills Former Equifax CEO, ‘I Don’t Think We Can Pass A Law That Fixes Stupid’

REUTERS/Kevin Lamarque

Daily Caller News Foundation logo
Eric Lieberman Managing Editor
Font Size:

The former Equifax CEO who left the company in disgrace after a massive security breach was peppered with critical questions Tuesday during a congressional hearing.

“It’s like the guards at Fort Knox forgot to lock the doors and failed to notice the thieves were emptying the vaults,” Republican Rep. Greg Walden of Oregon said, reports the Los Angeles Times. “How does this happen when so much is at stake? I don’t think we can pass a law that fixes stupid.”

Cyber criminals infiltrated the corporation’s website application earlier this year and leaked personal information such as names, birth dates, addresses, social security numbers and, for some, drivers licenses and credit card numbers.

Approximately 145.5 million people may have been impacted by the hacking of the credit reporting firm, according to Equifax.

Walden’s questions of frustration and bewilderment is just a glimpse into the roughly three-hour hearing presided over by Republicans and Democrats in the House Digital Commerce and Consumer Protection subcommittee.

“How could 225 professionals let a breach like this happen?” asked Democratic Rep. Gerald McNerney of California, according to USA Today.

One of the problems is that not all of Equifax’s large team may have been professionals, including the leaders. The now-dismissed chief security officer allegedly had a music composition degree, rather than a formal certificate in computer science, cybersecurity, or something pursuant to protecting virtual systems.

Former CEO Richard Smith pinned culpability not only on “human error,” but also on “technology errors.”

Equifax was alerted to a software security vulnerability back in March, but failed to patch it properly for months, Reuters reports. It also set up a website dedicated to helping customers find out if they were affected by the breach, but accidentally sent them to a phony site.

“You’re really only required to notify people and say, ‘So sorry, so sad,'” Republican Rep. Joe Barton said. “It seems to me you might pay more attention to security if you had to pay everybody who got hacked a couple thousand bucks or something.”

But voluntary or mandatory monetary compensation is likely out of the question for Equifax, since it originally wouldn’t help people unless they legally waived their right to a lawsuit — a stipulation found deep in the website in its general terms and conditions contract.

Nevertheless, Smith said “Equifax is committed to make it whole for you.”

“I’m here today to say to each and every person affected by this breach: I am truly and deeply sorry for what happened,” Smith said, according to the Los Angeles Times. (RELATED: Equifax Bigwigs Sold More Than A Million In Stock After Data Breach)

The damage may already be done, though, as Democratic Rep. Debbie Dingell of Michigan explained.

“You can’t change your Social Security number and I can’t change my mother’s maiden name,” she said. “This data is out there forever.”

Follow Eric on Twitter

Send tips to eric@dailycallernewsfoundation.org.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel