Equifax fined by ICO over data breach that hit Britons - BBC News
The UK's Information Commissioner's Office imposes a fine of £500,000 on Equifax.
Credit rating agency Equifax is to be fined £500,000 by the Information Commissioner's Office (ICO) after it failed to protect the personal data of 15 million Britons.

A 2017 cyber-attack exposed information belonging to 146 million people around the world, mostly in the US.

The compromised systems were also US-based.

But the ICO ruled Equifax's UK branch had "failed to take appropriate steps" to protect UK citizens' data.

It added that "multiple failures" meant personal information had been kept longer than necessary and left vulnerable.

Originally, Equifax reported that fewer than 400,000 Britons had had sensitive data exposed in the breach - but it later revealed that the number was nearly 700,000.

A further 14.5 million British records exposed would not have put people at risk, the company added last October.

The ICO, which joined forces with the Financial Conduct Authority to investigate the breach, found that it affected three distinct groups in the following ways:

Equifax had also been warned about a critical vulnerability in its systems by the US Department of Homeland Security in March 2017, the ICO revealed.

And appropriate steps to fix the vulnerability were not taken, according to the ICO.

Because the breach happened before the launch of the EU's General Data Protection Regulation (GDPR) in May this year, the investigation took place under the UK's Data Protection Act 1998 instead.

And the fine of £500,000 is the highest possible under that law.

"The loss of personal information, particularly where there is the potential for financial fraud, is not only upsetting to customers, it undermines consumer trust in digital commerce," said information commissioner Elizabeth Denham.

"This is compounded when the company is a global firm whose business relies on personal data."

An Equifax spokesperson said the firm was "disappointed in the findings and the penalty".

"As the ICO makes clear in its report, Equifax has successfully implemented a broad range of measures to prevent the recurrence of such criminal incidents and it acknowledges the strengthened procedures which are now in effect.

"The criminal cyber-attack against our US parent company last year was a pivotal moment for our company. We apologise again to any consumers who were put at risk."