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00:00:01
>> Two top technology executives and security experts at Equifax quote retiring late Friday in wake of the massive and embarrassing data breach of private information on nearly half the US population. Equifax also revealing Friday information on 400,000 Britons was stolen because their data were stored in the US.
00:00:24
Chief security officer Susan Mauldin and chief information officer David Webb no longer work for Equifax effective immediately. The company announced hackers had access to sensitive data like Social Security numbers and drivers license info for up to 143 million Americans.>> We're trying to push back.>> US Senator Elizabeth Warren who's built a reputation as America's fierce consumer champion, announcing Friday that she's started an investigation.
00:00:53
11 other Democratic Senators joining Warren introducing a bill to give consumers the ability to freeze their credit for free. Routers correspondent Michelle Price is covering the story.>> The purpose of the legislation, which is actually effectively just an amendment to the existing credit reporting legislation is to try and give control back to consumers.
00:01:13
So essentially, you have these three very big credit reporting agencies, which suck up lots of data, which they then store and they then sell on to third parties. And essentially what Warren is saying is that consumers need to have much more control over this process. There is actually an expectation that it will be able to receive bipartisan support, because it's going to be quite difficult for Republicans.
00:01:33
Even very hard-line conservative Republicans who have gone after the top consumer financial watch dog. It's gonna be very hard for them to resist this, given all the public furor.>> Equifax has come under intense pressure from Congress in recent days for what has been described as a slow, inadequate and confusing response to the hack, which happened in July, but was only made public in September.
00:01:57
Its free credit monitoring service also criticized for including an arbitration clause that if agreed to, waives the legal rights of consumers in exchange for fraud monitoring after the breach.