Former Equifax CEO Richard Smith says he is "deeply sorry" for the security breach in which sensitive personal information of as many as 143 million Americans was compromised. The former CEO announced his retirement last week from the credit reporting company. While company protocol requires that Equifax patch up the software glitch within 48 hours, Smith said he now knows that software vulnerability was "not identified or patched." "It was this unpatched vulnerability that allowed hackers to access personal identifying information," said Smith. Smith expressed disappointment that Equifax was now part of a long list of companies and government agencies that have suffered major hacks by cybercriminals.

Source: CNN October 02, 2017 18:00 UTC