Readers ask: Why Aren’t Equifax 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.

Has anyone gotten their Equifax Settlement?

It’s been one year since the settlement involving tens of millions of victims of the colossal Equifax data breach received final approval and the deadline passed for filing initial claims. There’s still been no payout. Deadline looming for victims to claim compensation for Equifax data breach. Is it worth it?

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Has Equifax recovered from the breach?

Equifax’s current CISO, Jamil Farshchi, took on the job in February 2018, which was five months after the company issued its first public breach notification. But Equifax was far from a bystander in its own recovery.

Why did Equifax get hacked?

On Monday, the Department of Justice identified the alleged culprit: China. In a sweeping nine-count indictment, the DOJ alleged that four members of China’s People’s Liberation Army were behind the Equifax hack, the culmination of a years-long investigation.

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.”

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.

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.

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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Will you really get $125 from Equifax?

In July, credit bureau Equifax agreed to pay nearly $700 million over its massive 2017 data breach. But even if you didn’t suffer any direct harm from the breach, you could claim free credit monitoring or a cash payout of up to $125 if you already have credit services in place.

Who qualifies for Equifax Settlement?

If you paid expenses following the breach for personal information being exposed, you are eligible for compensation up to $20,000 per person. These expenses include: Losses from unauthorized charges to your accounts. The cost of freezing or unfreezing your credit report.

How do you get a settlement check?

How Long Does It Take to Get a Personal Injury Settlement Check?

  1. Signing a Release.
  2. Processing the Release.
  3. Your Attorney Will Deposit the Check and Pay Your Liens.
  4. Your Lawyer Will Deduct Legal Fees, and You’ll Receive Your Money.
  5. Reasons for Delays.
  6. Bottom Line.

Who hacked Equifax?

According to the nine-count indictment handed down by the grand jury in Atlanta, four members of the Chinese People’s Liberation Army are alleged to have conspired to hack Equifax as computer systems and commit economic espionage.

Why does Equifax not have my information?

There are a couple of reasons why some accounts may not be listed on your Equifax credit report: Not all lenders and creditors report to all three nationwide credit bureaus. Some report to only two, one or none at all. Closed accounts may have dropped off your credit report after a certain period of time.

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How do you know if you were impacted by the Equifax security breach?

How can find out if you were affected by the Equifax data breach? If your information was exposed in the data breach, you can file a claim at You may be entitled to as much as $20,000, although probably much less. The Equifax settlement was announced on July 24, 2019.

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