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Business Briefs: Equifax urged to extend protections

FILE - This July 21, 2012, file photo shows signage at the corporate headquarters of Equifax Inc. in Atlanta. Attacks launched by cybercriminals wreak havoc and cause disruption as more of everyday life moves online. The U.S. attorney's office in Atlanta has worked hand-in-hand with the local FBI office to prosecute a number of high-profile cybercrime cases. They're currently investigating the breach at Atlanta-based Equifax, which exposed the personal information of 145 million Americans. (AP Photo/Mike Stewart, File)
FILE - This July 21, 2012, file photo shows signage at the corporate headquarters of Equifax Inc. in Atlanta. Attacks launched by cybercriminals wreak havoc and cause disruption as more of everyday life moves online. The U.S. attorney's office in Atlanta has worked hand-in-hand with the local FBI office to prosecute a number of high-profile cybercrime cases. They're currently investigating the breach at Atlanta-based Equifax, which exposed the personal information of 145 million Americans. (AP Photo/Mike Stewart, File) FILE - This July 21, 2012, file photo shows signage at the corporate headquarters of Equifax Inc. in Atlanta. Attacks launched by cybercriminals wreak havoc and cause disruption as more of everyday life moves online. The U.S. attorney's office in Atlanta has worked hand-in-hand with the local FBI office to prosecute a number of high-profile cybercrime cases. They're currently investigating the breach at Atlanta-based Equifax, which exposed the personal information of 145 million Americans. (AP Photo/Mike Stewart, File)

Equifax urged to extend protections

Democratic lawmakers on a House investigative panel are asking Equifax Inc. to provide its free credit monitoring and identity theft protection for at least three years.

Equifax has offered up to one year of complementary protections after the massive data breach last year that compromised personal information for about 145 million Americans.

But the Democratic members of the House Oversight and Government Reform Committee argue identity thieves often wait much longer to act on stolen information.

The lawmakers said the company’s chief information security officer told committee staff in a briefing last October that data thieves would likely wait a year or more before attempting to sell the data on the black market.