You are here: Home - Saving & Banking - News -

Equifax suffers third blow with criticism over helpline problems

0
Written by: Paloma Kubiak
03/11/2017
Equifax has been pulled up over reports of problems with its helpline used for those affected by the data breach earlier this year.

Chair of the Treasury Committee, Nicky Morgan MP, has written to the chief executive of Equifax seeking an explanation after reports its telephone helpline – for those concerned about the data breach – is experiencing problems.

She said these reports are in ‘direct contrast’ to the assurances made by CEO Patricio Remon who stated that “this incident cuts to the heart of what Equifax does. It is our responsibility to fix the problem, and we will”.

As such, her latest correspondence has asked the CEO to provide an explanation of what has happened, and for his assurance that these problems are being resolved.

This is the third blow to the credit reference agency and credit broker.

In September it announced a cyber data breach, putting hundreds of thousands of users at risk of having their personal details accessed. In total, 15.2 million records were accessed between 2011 and 2016. The data breach ran from May 2017 and was discovered in July, a couple of months before it made this information public.

In October, the regulator, the Financial Conduct Authority (FCA) confirmed it’s investigating the data breach.

The problem with the customer helpline is the latest issue affecting the company.

An Equifax spokesperson, said: “We are aware of the technical problems that have affected some calls to our helpline and are working hard to improve the service consumers receive. Our absolute priority has always been to ensure that impacted consumers get the advice, support and protection they need in a quick and straightforward way.

“We apologise sincerely for any inconvenience caused. We have received the letter from the Treasury Select Committee on this matter and we will be responding as soon as possible.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
markets
Three alternative reasons to consider peer-to-peer investing

With cash holdings in low interest paying bank accounts being slowly eroded by inflation, many investors have been attracted to...

Close