Quick Answer: Why Equifax Don’t Paying More Attention To Cybersecurity?


Is the Equifax hack the worst ever — and why?

The Equifax data breach, which allowed hackers to steal extensive personal information for up to 143 million Americans, is not the largest such recent cyberattack. But it is by far the worst. This breach is also the worst because the company’s response has been so abysmal.

What did Equifax do wrong?

It’s been a full year since Equifax announced that it suffered a hack affecting 147 million Americans. It was a Thursday afternoon when Equifax explained that hackers infiltrated its network and stole customer names, Social Security numbers, birthdates and addresses, affecting more than half the US population.

How Equifax could have been prevented?

The committee made several recommendations to prevent future incidents like the one at Equifax, including reducing the use of social security numbers as personal identifiers. To protect yourself freeze your credit, have secure passwords and be sure to shred sensitive documents.

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Why did China hack Equifax?

While Justice Department officials do not believe economic espionage was the primary goal of the Equifax hacking, Mr. Demers said the attack could be seen as a violation of the spirit of that deal. “ China sees economic interests and intelligence interests as one and the same,” he said.

Why did Equifax wait to tell its customers of the data breach?

Equifax waited weeks before alerting 143 million of its customers that a data breach exposed sensitive personal information like social security numbers. This created a duty to disclose this attack in a timely fashion to investors, potential investors, and those whose data was compromised.”

How Capital One data breach could have been prevented?

The Capital One breach involved sensitive data that was stored in the financial institution’s AWS deployment, which was protected against attacks by the ModSecurity open-source web application firewall (WAF).

Was my information leaked by Equifax?

If you want to check whether your data was exposed, the FTC and official settlement site have an online tool you can use to check if you were part of the Equifax breach. You’ll need to enter your last name and last six digits of your Social Security number to see if your data was part of the hack.

Should I give my sin to Equifax?

Equifax (1-800-465-7166) and TransUnion (1-800-663-9980). I’ve used both of them, but I wouldn’t blame you for double checking, as this is the internet and all. These are probably the safest people to give your SIN to.

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Did TransUnion get hacked?

TransUnion says someone fraudulently accessed data using a customer’s login credentials. The personal information of about 37,000 Canadians held by TransUnion may have been compromised this past summer, leaving both of Canada’s credit monitoring agencies with data blemishes on their record.

Could the Equifax hack have been prevented?

The Equifax data breach that exposed the information of more than 148 million customers could have easily been prevented, a report released on Monday by the U.S. House Committee on Oversight and Government Reform found.

What made the Equifax attack a SQL injection?

Simple answer: SQL Injection. “…they probably stole the database credentials out of the [web] application…” According to the below article and many others online, the data breach occurred due to a web app vulnerability. The attacker can use these to take over the entire box – do anything the application can do.

Who was responsible for the Equifax data breach?

The U.S. Department of Justice announced that a federal grand jury in Atlanta delivered a nine-count indictment accusing four hackers and members of China’s People’s Liberation Army – Wu Zhiyong, Wang Qian, Xu Ke and Liu Lei – of serving as masterminds of the hack.

How did the Equifax hackers get caught?

On May 13, for instance, the indictment says that one of the hackers ran a Structured Query Language command to identify general details about an Equifax data table, then sampled a select number of records from the database. Eventually, they went on to upload so-called web shells to gain access to Equifax’s web server.

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Who hacked OPM?

Another contractor had two employees with Chinese passports. China denied responsibility for the attack. In 2017, Chinese national Yu Pingan was arrested on charges of providing the “Sakula” malware used in the OPM data breach and other cyberintrusions.

Who owns the credit bureaus?

Many consumers believe that credit bureaus like Equifax, TransUnion, and Experian are somehow owned, managed or otherwise controlled by the federal government, but, in fact, they aren’t. At a fundamental level, all credit bureaus operate as private, for-profit companies.

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