Senators call on IRS to halt contract with Equifax

Richard Smith testified to congress on Tuesday in the US

Late Monday, Equifax said an independent review had boosted the number of potentially affected US consumers by 2.5 million to 145.5 million.

USA lawmakers are due to question the former head of Equifax Inc EFX.N at a Tuesday hearing that could shed light on how hackers accessed the personal data of more than 140 million consumers.

Equifax initially said it had discovered the breach in July but it later turned out that the discovery had actually taken place in March.

Smith faced Congress for the second day in a row to offer his testimony on the massive hack, part of a three-day schedule of hearings on Capitol Hill.

That means that the Social Security numbers, names, addresses and other personal information of as many as 145.5 million people are at risk of being used by crooks.

No IRS data may have been stolen, but as long as the IRS relies on Equifax's KBA system, it is partially relying on a system powered by the data that Equifax keeps on its customers, some of which has now been stolen.


But both Democrats and Republicans at the energy and commerce subcommittee hearing were united in their anger. Representative Greg Walden said to Smith. John Neely Kennedy put it colorfully: "You realize to many Americans right now that it looks like we're giving Lindsay Lohan the keys to the mini bar".

"It's like the guards at Fort Knox forgot to lock the doors and failed to notice the thieves were emptying the vaults", Walden said.

Complete with a black top hat, white mustache, and monocle, Pennybags watched as Smith discussed the cybersecurity breach of his company's database (or community chest, if you will). "I don't think we can pass a law that fixes stupid".

True to the Monopoly theme, Werner also handed out get out of jail free cards with Equifax and Wells Fargo (another financial services firm) logos on them. Smith will then face the Senate Judiciary Committee at 2:30 p.m. EDT. During the hearing, Janice Schakowsky (D-Ill.) said that Equifax deserved to be shamed.

A person seated behind former Equifax CEO Richard Smith during a Congressional hearingseems to have dressed like the icon from the popular boardgame Monopoly.

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