equifax doesn't pay you when i saw your data and you shouldn't have to pay equifax to keep theu from selling it. our bill says the same rules apply to all three credit must reporting companies and all three companies must refund your money if they charged you for a. credit freeze in the aftermath of the equifax breach. no one in this industry should profit from this hack. this bill doesn't fix all the problems in the credit reporting industry. it is only a first step. congresswoman maxine waters come in the top on the house financial services committee has been working in the credit reporting industry for years and she's introduced comprehensive legislation to reform the industry and empower consumers i think the senate ought to take a very close look at bill. i've also watched aneach a investigation into the apple fax breach in the whole credit reporting industry. and the upcoming weeks i will be gathering more information from equifax, other credit reporting agencies from federal regulators and michael asked birds. i will keep fighting to make sure credit reporting agencies p can't

on equifax's servers? or if that information was encrypted and we don't have the answer to that right now. >> and his last question, what penalties they might face at the end of this. are there federal penalties that can come at the end of these congressional hearings we've heard about? or is it just the public lashing that equifax might get from those hearings and whatever fallout comes from them? >> it's hard to say. you know, the federal government could in theory, you know, try to sue. but you also have class action lawsuits already brewing against the company. the company's stock has dropped something like 20% in the recent days. so, you know, you've already seen a significant backlash affecting the company here and, you know, whether it continues with governmental penalties is a good question. >> to jan in new jersey. good morning, jan. >> caller: good morning. >> go ahead. you're on with brian fung. >> caller: hi. one comment. these fees that are charged by these credit bureaus to freeze and unfreez

equifax clarifying what the arbitration role is. "to confirm, and rolling in the free credit file monitoring and identity theft detection product we are offering as part of this cyber security incident does not prohibit consumers from taking legal action. ." the company says it has now removed the language from the site. explain about what an arbitration clause is and how it affected people who were a part of the breach? what big companies are doing, large banks, even your in particular, they say you cannot sue them. not only you cannot sue them, you cannot sue them in a class action. i will get more detailed on that later. they have to say you go to arbitration. the problem is, as an individual to go to arbitration, your damages may be limited and you may not be able to hire a lawyer willing to do the case on a contingency basis. you may not want to spend thousands and tens of thousands or hundreds of thousands fighting a company like equifax. they put that in there and you have no choice. once that arbitration provision is in, the

now, on the equifax data breach, mr. president, what has transpired over the past several months is one of the most egregious examples of corporate malfeasance since enron. equifax has exposed the most sensitive personal information of over half of the united states citizens. names, addresses, social security numbers, driver's licenses, and in some cases even their credit history. clearly, there were inadequate data security standards at equifax, which is doubly troubling and deeply troubling on a number of levels. when you're a credit agency like equifax, you have two principal jobs, calculating and reporting accurate credit scores and protecting the sensitive information of individuals that are funneled through that process. equifax stunningly and epically failed to perform one of its two essential duties as a company, to protect sensitive information of the people in its files. that is unacceptable, and there's no other word for it. even following the failure by equifax, this huge, massive failure, the company and its

thanks, equifax. >> equifax. blame us. we deserve it. >> trevor: we'll be right back. ( cheers and applause ) ( ♪ ) ever wonder what's in a beer? if it's a bud light, it's four essential ingredients: barley, rice, water and hops. ( ♪ ) ( ♪ ) here's to the beer you can always count on. brewed to be america's favorite light lager. here's to the beer you can always count on. then he tried tostitos flavored salsas...nline. ...and realized that not all sharing is easy. roasted garlic... can i...um... share the salsa, stuart. tostitos. bring the party. ♪ ladies and gentleman this is a robbery. what are you doing after this? ♪ >> trevor: welcome back to "the daily show"! this past weekend was the miss america pageant. here to give us her thoughts, michelle wolf, everybody! ( cheers and applause ) >> thank you, trevor! you know, i don't know if you know this about me but i love pageants. i actually canted wanted to get into pageants but i realized getting into miss america is super hard. there's, like, tons of qualificat

now, on the equifax data breach, mr. president, what has transpired over the past several months is one of the most egregious examples of corporate malfeasance since enron. equifax has exposed the most sensitive personal information of over half of the united states citizens. names, addresses, social security numbers, driver's licenses, and in some cases even their credit history. clearly, there were inadequate data security standards at equifax, which is doubly troubling and deeply troubling on a number of levels. when you're a credit agency like equifax, you have two principal jobs, calculating and reporting accurate credit scores and protecting the sensitive information of individuals that are funneled through that process. equifax stunningly and epically failed to perform one of its two essential duties as a company, to protect sensitive information of the people in its files. that is unacceptable, and there's no other word for it. even following the failure by equifax, this huge, massive failure, the company and its

in the week of this equifax breach. if you are in the eastern or central time zones, 202-7 48-8000 and the mountain or pacific time zones, 202-7 48-8001. if you have been affected by this escrow fact reach -- equifax we want to hear from you. protection bureau issued a rule about arbitration clauses, and that rule has since been the subject of a houseboat. talk about what happened and how progress is responding -- how congress is responding. >> due to the collapse of the financial markets in 2008-2009, there was this new bureau set up by the government to protect consumers what they did is they looked at many financial institutions, and indicated that these arbitration clauses were so improper and had a negative effect on the consumer that they were commended and put a rule in place that those would be voided and taken out of those agreements. congress and this administration has been talking about changing that rule and wiping it out, to force consumers back into arbitration under a phony theory that it is better for t

thanks, equifax. >> equifax. blame us. we deserve it. >> trevor: we'll be right back. ( cheers and applause ) we just got to take it one game at a time. next question. odell! can you repeat everything you just said? my livestream won't load. (blows whistle) technical foul! wrong sport. wrong network. see, you need unlimited on verizon. it's america's largest, most reliable 4g lte network. it won't let you down in places like this. even in the strike zone! it's the red zone. pretty sure it's the strike zone. here, use mine. all right. see you on the court, champ. heads up! (vo) when it really, really matters, you need the best network and the best unlimited. now plans start at $40 per line for four lines. why do we grow our own hops? to brew an ipa all our own. there are no shortcuts to goose ipa. we don't need to be the only beer you drink. we just want to be the best beer you drink. ♪ ♪ ♪ ♪ the all new 2018 camry. toyota. let's go places. then he tried tostitos scoopsl foand salsa.... ...and started following them

thanks, equifax. >> equifax. blame us. we deserve it. >> trevor: we'll be right back. ( cheers and applause ) i'll have the langoustine lobster ravioli. for you, sir? the original call was for langoustine ravioli. a langoustine is a tiny kind of lobster. a slight shellfish allergy rules that out, plus my wife ordered the langoustine. i will have chicken tenders and tater tots. if you're a ref, you way over-explain things. it's what you do. if you want to save fifteen percent or more on car insurance you switch to geico. sir, we don't have tater tots. it's what you do. i will have nachos! why do we grow our own hops? to brew an ipa all our own. there are no shortcuts to goose ipa. we don't need to be the only beer you drink. we just want to be the best beer you drink. oh, you yeah!ht butch. (butch growls at man) he's looking at me right now, isn't he? yup. (butch barks at man) butch is like an old soul that just hates my guts. (laughs) (vo) you can never have too many faithful companions. introducing the all-new crosstrek.

equifax stunningly and epically failed to perform one of its two essential duties as a company. to protect sensitive informatior of the people in his files. some except up. even following the failure this massive failure the company and leadership failed to communicate the breach to the public in the aftermath of the announcement failed to adjust public concern. the company knew about the breach and didn't notify consumers the information have been compromised. because they waited so long to report the breach consumers were thei put have a ball. the information was compromised without their knowledge. no ability to protect themselves. and while hackers can attempt to take out once in their names. use the information for identity thought fraud or perpetrate a number of fraudulent schemes. once the breach was announced consumers found themselves forced to provide sensitive information to equifax to verify if they had been impacted by the breach. to sign up for their credit monitoring services. customers were forced to agree to terms prohibiting their ability to bring a legal claim

you aren't equifax's customer. you are equifax's product. we're all like factory farm chickens going, "i love the free bird seed. this place has great customer service! gotta say those whirling blades coming up seem awfully low." manager! manager! ( applause ) is that a hook? >> jon: better watch that hook! ( applause ) >> stephen: with so many corporations selling, leaking, or allowing your private date to be stolen, it seems there's no way to preserve your privacy. until now. ♪ >> welcome to identi-vault. i'm thomas murphy. or am i? maybe i stole that. we're the only company guaranteed to keep your information safe. no phones, no internet, no contact. >> before identity fault i was having to change my password and change my i.d. >> with the plan, it was easy to move us to the middle of nowhere where, frankly, data privacy is the least of our concerns. >> i go toilet in a hole. git! git off my land! i'll tell you what my name is! my name is buckshot in your as! ( gunfire brrkt >> identity fault, no one can steal everything you have if eve

. >>> the ceo of equifax is out. the company announcing this morning that richard smith is retiring in the wake of the massive breach that potentially impacted 143 million americans. and his departure comes days before he was to appear on capitol hill. aditi roy is on the story for us. >> reporter: equifax announced big executive changes starting from the top. the board of directors appointed board member mark fieldler to serve as chairman, and seven-year veteran of equifax paulino rivera jr. was named as well. the ceo walking out the door days before he is to appear before congress is an abdication of his responsibility, critics said. smith is scheduled to testify about a massive breach that affected up to 143 million americans. an equifax spokesperson says smith is still scheduled to testify before congress. smith's departure prompted ohio senator sherrod brown to ask sec's chair a question about it during a hearing on the sec's own cyber breach. >> do you think it's appropriate for the executives that ran the comp

is equus equifax receive credit card data from credit card companies so phone carriers car dealerships and other corporations who run credit for consumers these agencies report their data to companies like equifax who then use it to generate a credit score what does that mean for you it means companies like equifax have all of your personal data even though you never signed up for the hackers who broke into the equifax system accessed information such as names social security numbers birth dates addresses credit card numbers and even the numbers of some driver's licenses the company said that credit card numbers for about two hundred nine thousand u.s. customers were compromised in addition to personal information identifying about one hundred eighty two thousand u.s. customers and even though the data breach was to. gov at the end of july now get this nothing was revealed to the public until the first week of september in a perfect world equifax would have immediately offered to help protect the identities of the people who were compromised and make sure that it took care of and make

the fallout from equifax. the data of 143 million customers may be compromised by a massive data breach at one of the largest credit monitoring agencies. we discussed the unprecedented damage control operation underway and the potential risks ahead. china's cryptocurrency coup de grace. after dealing the market a major blow, chinese regulators behind the great wall. we examine the ripple effects. with just a few days to go until apple's most significant product launch in years, we will preview the event and new technology. first to our lead. the massive cyber attack on the facts may have compromised the privacy of more than 140 million u.s. customers or half the u.s. population. the stock plunged nearly 13% today amid mounting outrage over the breach. thursday evening, a proposed class-action lawsuit was filed in oregon in federal court alleging equifax was negligent in failing to protect consumer data. there is news executives sold nearly $2 million in corporate stocks before disclosing the attack. it is one

for mike patton tonio this is america's lawyer a recent data breach of the credit reporting agency equifax has exposed the personal data of millions of people across the globe to potentially dangerous and individuals over the course of about two months hackers access to all sorts of personal data about the consumers in the united states as well as the data of hundreds of thousands of people in canada the united kingdom and other countries around the world tonight we'll tell you what kind of information was stolen how the company has responded and how you can protect yourself if your information was leaked and later in the show all talking about how the u.s. custom border protection is facing sharp criticism for searching through the private information on laptops in cell phones of u.s. citizens when read. entering the country including a nasa engineer so don't go anywhere america's lawyer starts now. in may of this year as americans were planning their summer vacations and counting down the days before their kids got out of school the credit reporting agency equifax was dealing with one of

equifax does not need to reach you. equifax has your information already. anybody saying, hi, i'm from equifax is a fake. if you need to be in touch with he can if i -- equifax, you hang up the phone, there is dedicated line for victims. you make the call. trish: they want more information. equifax now, if you have been a victim of this scam, you got to type in your social security number and your information to figure that out in the first place -- >> makes you feel uncomfortable already. trish: they want more information because they will protect you by freezing your credit, et cetera. it seems to me we should be looking hey, this company just compromised our information. now they want it again? >> completely understandable reaction. i have to do it too. i will be honest, i'm afraid to put in my social security number. the only way to do it, call equifax to effect wait the freeze. there are two other companies that do, experian, transunion, you have to execute a freeze, get a pin number back from the companies, but you choose to unfreeze. the point i want

you aren't equifax's customer. you are equifax's product. we're all like factory farm chickens going, "i love the free bird seed. this place has great customer service! gotta say those whirling blades coming up seem awfully low." manager! manager! ( applause ) is that a hook? >> jon: better watch that hook! ( applause ) corporations selling, leaking, or allowing your private date to be stolen, itee s nmsre'sheo way to pr ♪ >> welcome to identi-vault. i'm thomas murphy. or am i? maybe i stole that. we're the only company guaranteed to keep your information safe. no phones, no internet, no contact. >> before identity fault i was having to change my password and change my i.d. >> with the plan, it was easy to move us to the middle of nowhere where, frankly, data privacy is the least of our concerns. >> i go toilet in a hole. git! git off my land! i'll tell you what my name is! my name is buckshot in your as! ( gunfire brrkt >> identity fault, no one can steal everything you have if everything you have is nothing >> identity fault has just bee

of this scandal ridden credit monitoring company equifax walked away with a massive pension after i had exposed the data of one hundred forty three million americans happen my gas explains how consumers can fight back down by the us start right now. it is tax reform time as health care stood dead in the water on capitol hill tuesday senate majority leader mitch mcconnell said it himself where we go from here is tax reform fast forward twenty four hours and we've got our hands on a first edition blueprint of how the republicans plan to build that reform if nine pages long and it's called the unified framework for fixing our broken tax code top line item income tax of course under current law as it stands now taxable income is subject to seven tax brackets the framework to consolidate consolidate back down. three brackets taxed at twelve percent twenty five percent and then up to thirty five percent the plan does pitch also the idea of a fourth tax bracket for higher earners of thirty five percent also included in the document is an ambitious twenty percent corporate tax rate and referenc

of this scandal ridden credit monitoring company equifax walked away with a massive pension after i had exposed the data of one hundred forty three million americans happen my gas explains how consumers can fight back down by boom bust first right now. it is tax reform time as health care stood dead in the water on capitol hill tuesday senate majority leader mitch mcconnell said it himself where we go from here is tax reform fast forward twenty four hours and we've got our hands on a first edition blueprint of how the republicans plan to build that reform it's nine pages long and it's called the unified framework for fixing our broken tax code top line item income tax of course under current law as it stands now taxable income is subject to seven tax brackets the framework games to consolidate consolidate back down to three brackets taxed at twelve percent twenty five percent and then up to thirty five percent the plan does pitch also the idea of a fourth tax bracket for higher earners of thirty five percent also included in the document is an ambitious twenty percent corporate tax rate

of this scandal ridden credit monitoring company equifax walked away with a massive pension after i had exposed the data of one hundred forty three million americans happen my gas explains how consumers can fight back down by boom bust first right now. it is tax reform time as health care stood dead in the water on capitol hill tuesday senate majority leader mitch mcconnell said it himself where we go from here is tax reform fast forward twenty four hours and we've got our hands on a first edition blueprint of how the republicans plan to build that reform it's nine pages long and it's called the unified framework for fixing our broken tax code top line item income tax of course under current law as it stands now taxable income is subject to seven tax brackets the framework to consolidate consolidate back down to three brackets taxed at twelve percent twenty five percent and then up to thirty five percent the plan does pitch also the idea of a fourth tax bracket for higher earners of thirty five percent also included in the document is an ambitious twenty percent corporate tax rate and r

the fallout from equifax. the data of 143 million customers may be compromised by a massive data breach at one of the largest credit monitoring agencies. we discussed the unprecedented damage control operation underway and the potential risks ahead. china's cryptocurrency coup de grace. after dealing the market a major behindhinese regulators the great wall. we examine the ripple effects. with just a few days to go until apple's most significant product launch in years, we will preview the event and new technology. first to our lead. the massive cyber attack on the facts may have compromised the privacy of more than 140 million u.s. customers or half the u.s. population. the stock plunged nearly 13% today amid mounting outrage over the breach. thursday evening, a proposed class-action lawsuit was filed in oregon in federal court alleging equifax was negligent in failing to protect consumer data. there is news executives sold nearly to lean dollars in corporate stocks before the closing -- disclosing the attack

today that something is equifax. you guys know about equifax? ( cheers and applause ) yeah, good. because they know about you. the massive credit reporting agency was hacked, which has exposed 143 million people to identity theft. that means half the u.s. population could have their identity stolen! which means, if you turn to the person next to you... that might be you again. ( laughter ) folks, this is big. as one fraud analyst said, "on a scale of 1 to 10 in terms of risk to consumers, this is a 10." a 10! which is also your credit score after this hack. ( laughter ) so what exactly was compromised? only everyone's credit card information and social security numbers as well as names, birthdates, and addresses. so changing your passwords won't help and it's not like i can change my birth date! it is and always will be may 13th... 1985. ( laughter ) ( cheers and applause ) ( piano riff ) ( laughter ) at least once they realized they'd been hacked, equifax rushed to get the word out on september 7th... after they discovered it on july 29th. they waited five weeks! "hello, 911, i'd

of this scandal ridden credit monitoring company equifax walked away with a massive pension after i had exposed the data of one hundred forty three million americans happen my gas explains how consumers can fight back down by boom bust first right now. it is tax reform time as health care stood dead in the water on capitol hill tuesday senate majority leader mitch mcconnell said it himself where we go from here is tax reform fast forward twenty four hours and we've got our hands on a first edition blueprint of how the republicans plan to build that reform if nine pages long and it's called the unified framework for fixing our broken tax code top line item income tax of course under current law as it stands now taxable income is subject to seven tax brackets the framework to consolidate consolidate back down to three brackets taxed at twelve percent twenty five percent and then up to thirty five percent the plan does pitch also the idea of a fourth tax bracket for higher earners of thirty five percent also included in the document is an ambitious twenty percent corporate tax rate and ref

>> a lot of big questions on that equifax breach. we're going to be talking about that today as well. but right now president trump is in florida arriving moments ago to get a first-hand look at the devastation left behind by hurricane irma. he's now in a briefing with officials in ft. myers about relief efforts under way across the state. later this hour, the president will tour the damage in the area and meet with first responders and military members working on rescue and recovery. right now more than 3 million people in florida remain without power. we should get new information on repairs when florida power and light officials give us an update in about half an hour. although they don't have the whole state. they just have the majority of it. and at least 13,000 remain in more than a hundred shelters across the state. i want to bring in morgan radford who is in naples, florida. what do we know about the president's trip, what he's doing, and who he's meeting with? >> reporter: we know he's going to be touring some of the heavily

tomorrow night senator elizabeth warren will be here to address equifax. and i bet she brings up that wells fargo situation. she's concerned about boards and ethics and what to do with people who violate what she thinks is the law. i'd like to say there's always a mark somewhere i promise i'd find it for you here on "mad money. i'm jim cramer and i'll set see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is brenda coffman, and i'm from kokomo, indiana. (whirs) i own and operate retail cookie stores throughout the state of indiana and florida. i am a hometown girl, and i married my high school sweetheart, and we have two wonderful children who are the pride and joy of our life.

, but equifax itself. is that then falling on the bank who you went through to get your data to equifax? i'm not sure where it will land. equifax down sharply this is what they do, which is why it is such a hit >> fib fb locoming up a look at shakeup. das st rtoy'mueads are coming up al... al... ...has grown into an enterprise. that's why i switched to the spark cash card from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. which adds up to thousands of dollars back every year... ...and helps keep my passion growing... ...in every direction. what's in your wallet? hey, how's it going? um... who are you? i'm val. the orange money retirement squirrel from voya. i represent the money you save for the future. see? we're putting away acorns to show the importance of being organized. that's smart. who's he? he's the green money you can spend now. what's up? oh you know, gonna pay some bills, maybe buy a new tennis racket. tennis racket for a squirrel? he's got a killer

this is said to be an extensive lesson for equifax. the average cost of the single data breach an ounce to $3.6 million according to a study by ibm. earlier i asked a member of carbon black whether the equifax hacking puts other leaders of business under pressure to invest in the latest technology. when we consider the equifax breach we need to look at it through two different lenses and the first is from the classic criminal mindset. using organised crime. when you talk about the data stolen from equifax, the motivation is very clear. the data was highly sensitive and highly valuable. is it possible that equifax did not invest substantial amounts on cyber security, that's why it happened? it is hard to armchair quarterback their investment. i am armchair quarterback their investment. iam not armchair quarterback their investment. i am not familiar with that. the trend we have seen overall is attack takos are using more sophisticated techniques. and when you are asjuicy sophisticated techniques. and when you are as juicy a target as eq

it took equifax to disclose their security breakdown. the ceo of equifax did apologize. but not as profoundly and he should have. now we learn three of its executives, including the chief financial officer sold shares of equifax just days after the breach was first discovered, earning those three nearly $2 million. equifax claimed those executives were utterly unaware of the breach when they sold the stock. i assure you suggesting that a chief financial officer would not know about a breach of his magnitude that goes to the heart, the soul, the very integrity of the company is asking a lot of all of us. the company should do the right thing in my opinion. and reverse the sale by those executives of that stock so there is absolutely no question of integrity while there are so many questions about the company's lack of security and leadership and its failure to protect the private information of 143 million americans which goes to the foundation of the come numbers existence. but the bad news for consumers doesn't end there. equifax is only one of three major credit report

equifax says those officials were not aware of the hack. equifax says they are working with law enforcement as part of their investigation. the company has set up a website where you can find if your information was compromised. we have that link, and more details on our website, cbssf.com, michelle griego, kpix 5. >>> the bay area is in for a real treat. the museum of ice cream is coming to san francisco, and it is quite a delicious site. >> reporter: the museum of ice cream in san francisco isn't a traditional museum at all. room after eye popping room, you'll discover galleries that leave you with the fabulous sugar high. and yes, you can try the real thing too, including cotton candy, unicorn milk, dipped in magic, and cookies and cream ice cream. >> this is an exclusive flavor you can only get here at the museum of ice cream. i'm told this is a strawberry snap sundae, with strawberry basil sauce on top of it. ♪ [ music ] tastes amazing. >> reporter: following wildly popular sold out runs in new york city and los angeles, cofounder bo

senators orrin hatch and ron wyden sent a stern warning to equifax tweeting, "equifax data breach has extraordinary consequences demanding answers." and now if you want to initiate a credit freeze, know it is not free. it costs about $5 to $10 per credit bureau. since there are three, we are talking about $30. although it is worth mentioning in most states it is free if you file a police report. meanwhile if you are impacted by this, there is also a class action lawsuit that you may want to be aware of on the equifax website. a place to find out if you were impacted. >> and speaking of the company's legal problems, we are told that more than 30 does remain a hot topic on social media. check it out. the only reason i had an equifax account was because i got a free account to track my credit report after anthem got hacked. and now here is another one. bye bye equifax, i hope every door, every fine, every penalty hits you on the way down. what do you think? you can join us on wusa9.com. >>> a check for the weather here around our area, here's melissa. >> we are starting your tuesday afte

i think equifax is 9.9 with a 2.0 response. emily: what kind of cyber crime will follow this equifax attack? what is happening now? >> we have to be really careful. you can always look back to previous breaches and use that as a threat model to see what could happen. if you recall the ashley madison breach, there were a lot of things that happened. one of those was the follow-up of fraudulent emails or extortion to get information out of people worried about their dating preference or infidelity or lack thereof. when we look at equifax, you will see a lot of interesting things. you will see potential phishing emails, fake websites asking you to validate your social security number to tell you if you have been breached. in actuality, you are breaching yourself. you want to be really careful about the next few days and weeks and carefully assess phone calls, emails, and websites you visit in terms of validating any particular threat. another thing you want to think about as you are looking at this is all of your inventory a very

equifax says the executives did not know about the breach at the time. the perpetrators of the hack have not yet been identified, but some experts say she's massive hacks are often done by international cyber criminal organizations, who then silent information to russia or china for millions of dollars. chip reid, cbs news, washington. >> ninan: when we return, an update on hurricane irma as it barrels towards south florida. an update on hurricane irma as it bears down on florida. it's expected to hit the keys sunday morning as a category 4 storm. let's go back to elaine quijano in key largo. elaine. >> quijano: reena, irma is here. conditions will deteriorate rapidly overnight. the storm is expected to gain strength as its center gets closer. before daybreak, the weather where i'm standing will be life threatening, with driving rain and enormous storm surge of sea water, and, of course, hurricane-force winds. irma will then turn north, barreling florida's west coast. naples and fort myers are among the cities bracing for the highest storm surge. farther

today apache says equifax bears responsibility for lax security. >> the equifax data security breach was absolutely due to their failure to install the associated patches for the apache strut project. >> reporter: late today equifax told nbc news it did not identify the vulnerability until july 29 when it then took immediate action to stop the intrusion. among the questions investigators had, why did it then take six weeks for equifax to go public? >> they kept americans at risk during that period of time. we want to know why that is and get to the bottom of it. >> reporter: it was a week ago today that equifax announced the breach. that very same day it was on capitol hill lobbying congress for fewer regulations and liabilities in cases of data breaches. lester? >> tom costello tonight. thank you. >>> still ahead, a pop star's secret struggle. selena gomez surprising fans by revealing a life-saving gift from her best friend. >>> we're back with that surprise announcement from a pop superstar. selena gomez, one of the biggest acts in music, said she stepped away from the spotlight be

i said have you heard about equifax? and he said you have a point there. >> i was wondering what your thoughts are on the tax reform plan and if you will be able to work with republicans on this at all? >> we have not seen which tax reform they have. i think that plan, let's have hearings, let's have people. i think one of the things we found in there with the trump care plan, you have this a couple of hours before the vote and no one sees it. it is no way to do it. both republican leadership and democrat leadership. the best legislation is that where you sit down, have real hearings, real discussions and hear from everybody. thank you all very, very much. [background sounds] [inaudible conversations] >> c-span's washington journal, live every day with news and policy issues that impact you. coming up friday morning, a discussion about republican efforts on tax reform. the budget and healthcare. with american action for president -- then center for puerto rican studies edwin melendez talks about the current federal aid n

of equifax he resigned today just a few weeks after his company one of the world's largest credit reporting firms revealed that it had suffered a massive security breach that exposed the personal information of one hundred forty three million americans to hackers which raises the question just how did a massive for profit corporation like equifax gain access to something such compromising information without the public's consent and what does this tell us about capitalism joining me now is richard wool visiting professor at the new school cofounder of democracy at work and the author of numerous books including capitalism is crisis deepens essays on the. they're credit cards you can see people who go in for a bottled water in a small store using their credit card which is a debt if everybody is dependent on debt one way or another then you have a problem with the creditor who never knows whether it's safe to lend to this person for their home to that one for the car for that one for their credit card so we needed to develop an industry eat that would allow banks and other creditors to have

look at equifax. i can think of the -- all the letters and calls i get from the small state of vermont of people concerned about being ripped off there. i can't imagine what is like in the larger states. the average person, the average person, the consumer gets hurt. the c.e.o. still gets millions of dollars in salaries every year. they're not hurt. and they have every incentive to stop the consumer from recovering. so i think we should -- both parties should stand together. republicans and democrats should, if they really care for the people they represent, they'll come together, they'll stop the use of forced arbitration across the board to ensure americans aren't denied their fundamental rights. wells fargo would have gone on as long as they did, they have the right to go after them so, i want to call on my colleague from new england, list reed, and the senator schumer left is senator reed, senator franken, senator warren and senator cortez masto. senator reed: i'm delighted to stand up with my col

today apache says equifax bears responsibility for lax security. >> the equifax data security breach was absolutely due to their failure to install the associated patches for the apache strut project. >> reporter: late today equifax told nbc news it did not identify the vulnerability until july 29 when it then took immediately action to stop the intrusion. among the questions investigators had, why did it then take six weeks for equifax to go public? >> they kept americans at risk during that period of time. we want to know why that is and get to the bottom of it. >> reporter: it was a week ago today that equifax announced the breach. that very same day it was on capitol hill lobbying congress for fewer regulations and liabilities in cases of data breaches. lester? >> tom costello tonight. thank you. >>> still ahead, a pop star's secret struggle. selena gomez surprising fans by revealing a life-saving gift from her best friend. r the holidays, we get a gift for mom and dad. and every year, we split it equally. except for one of us. i write them a poem instead! and one for each of you

equifax released a video statement. >> i deeply regret this incident. i apologize to every effected consumer and all of our partners. >> reporter: equifax is one of the three big kricredit reportig they say the credit reporting data base wasn't effected but managed to exploit a vulnerability on an application. >> this is like hurricane irma size proportions effecting u.s. customers. >> this morning we're learning the three top executives at equifax sold $2 million worth of shares just days after the cyber attack. the company says the trio had quote no knowledge it occurred. at the time they sold their shares. the fbi is actively investigating and equifax has been cooperating with them. to learn if your information has been hacked you can go to our "early today" facebook page. >>> just ahead and we will talk to a member of the usgs about. in any light, transitions® lenses help protect from uv rays and harmful blue light. both indoors... and out. they seamlessly adapt. so you can live the good light™. find an eyecare professional at transitions.com. no

equifax says, credit card numbers for about 209- thousand u-s customers were exposed. the breach happened from mid-may through july 20-17... but was just made public now. (steve) tonight we have learned three equifax executives sold stock right after the company learned about the breach. kron 4's charles clifford is live tonight in menlo park... and charles you talked to a cyber security expert there today who says this hack is alarming on many levels. yes, it's been reported that the security breech was discoverd in july and in early august 3 equifax

just seems as though equifax wasn't paying attention. >> look, all much easier if equifax would come clean fast and tell us all what happened. it's our information out there. i know i've been breached, for instance, and got an e-mail from equifax with a button that i could press on my phone and had to agree to a few things. turned out we thought we might have been agreeing to waive our rights to sue. e equifax confirmed that's not the case. no danger in you attempting to find out whether or not you were breached. correct? >> that's my understanding as well. certainly no legal danger in doing that. the long-term harm is both to you individually and systemically. to you, a risk of deputy theft. i think the even bigger problem we're just now coming to grips with is that this is going to be a trove of information to people about how to deanonymize people and reidentify them. so much of our security is based upon personal information. questions like, where were you born? what's your mother's maiden name? all of that is possibly retrievable from large-scale breaches like equifax, home depo

though equifax says they were unaware of the breach at the time. it wasn't until september eighth that accompany inform the public sending its shares plummeting. well acted really. stop intrusion would probably gains in reading cyber security firm which are conducting a comprehensive forensic review. to determine the scope of intrusion. we also reported that the law enforcement you continue to work with authorities. we also got a social call center was a dedicated website provide consumers with information they need. to manage our personal situation. however consumers took to twitter to report early problems with the call center. and a law professor from lewis and clark university says that by signing up for the free identity protection service equifax's offering on its website. consumers are waiting their right to sue the company and the future. experts say the full impact of the breach may not be known for many months. yeah equifax shares to nosedive in today's trading they were down more than thirteen percent a short while ago. moving on to some

of equifax he resigned today just a few weeks after his company one of the world's largest credit reporting firms revealed that it had suffered a massive security breach that exposed the personal information of one hundred forty three million americans to hackers which raises the question just how did a massive for profit corporation like equifax gain access to something such compromising information without the public's consent and what does this tell us about capitalism joining me now is richard wool visiting professor at the new school cofounder of democracy at work and the author of numerous books including capitalism is crisis deepens essays on the global economic meltdown professor will welcome back. thank you tom glad to be here it's great to have you with us i think this scandal has really exposed to a lot of people how really little control we have over our own individual private financial information equifax is just one company a ten billion dollar industry that sucks up our data for profit i robot in the seventies running a small business having to jump through all kinds of hoops

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coming up next on the cbs evening news, how equifax opened the door to hackers. and later, pop star selena gomez and the friend who saved her life. ( ♪ ) okay, so let's... stop. don't mess it up! (squeaking) ahh-h-h! ee-e-e! ( ♪ ) all right. (chuckle) ( ♪ ) nice! ( ♪ ) come on, dad, let's go! for those who know what they're really building. always unstoppable. for those who know what they're really building. bburning of diabetic nerve pain these feet... liked to style my dog as a kid... and were pumped to open my own salon. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and she prescribed lyrica. lyrica may cause serious allergic reactions, suicidal thoughts or actions. tell your doctor right away if you have these, new or worse depression, unusual changes in mood or behavior, swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects: dizziness, sleepiness, weight gain, swelling of hands, legs, and feet. don't drink alcohol while taking lyrica. don't dri

why did it then take six weeks for equifax to go public? >> they kept americans at risk during that period of time. we want to know why that is and get to the bottom of it. >> reporter: it was a week ago today that equifax announced the breach. that very same day it was on capitol hill lobbying congress for fewer regulations and liabilities in cases of data breaches. lester? >> tom costello tonight. thank you. >>> still ahead, a pop star's secret struggle. selena gomez surprising fans by selena gomez surprising fans by r the holidays, we get a gift for mom and dad. and every year, we split it equally. except for one of us. i write them a poem instead! and one for each of you too! that one's actually yours. that one. regardless, we're stuck with the bill. to many, words are the most valuable currency. last i checked, stores don't take "words." some do. not everyone can be the poetic voice of a generation. i know, right? such a burden. the bank of america mobile banking app. the fast, secure and simple way to send money. what do you have ther

sign up for fraud alerts from equifax and other two spearian and transunion. paying for an identity theft monitoring service. set up fraud alerts on your bank and credit cards. consider freezing your credit reports so companies you do business with will have access. criminals will be locked out but you'll need to unfreeze it for a legitimate credit check. >> tom costello thank you for that important report. for more information visit us on facebook.com online. >> florida isn't the only state damaged from irma. up next we'll talk to the georgia mayor who has a busy day ahead. just walk right in and pay zero dollars with most insurance. plus, when you get a flu shot at walgreens, you help provide a lifesaving vaccine to a child in need through the un foundation. it's that easy to get your flu shot and make a difference. so swing by your local walgreens today. walgreens. at the corner of happy & healthy. new charmin ultra soft! ♪ it's softer than ever. new charmin ultra soft is softer than ever... so it's harder to resist. okay, this is getting a little weird.