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Equifax security breach just gets dirtier and dirtier

Discussion in 'Headline News' started by Snarky's Ghost, Sep 14, 2017.

  1. Snarky's Ghost

    Snarky's Ghost Soap Chat Oracle EXP: 19 Years

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    One of the three big companies which compiles and provides credit scores, Equifax (situated in Atlanta) had a security breach a few days ago when the data on nearly 150 million people -- nearly half the population in America -- was leaked as the result of a cyber hack in July.

    There have been bigger breaches before (Yahoo last year saw 1 billion customers violated)
    but the breach Equifax reported last week is probably the most severe of all for a simple reason: the breath-taking amount of highly sensitive data it handed over to criminals. By providing full names, Social Security numbers, birth dates, addresses, and, in some cases, driver license numbers, it provided most of the information banks, insurance companies, and other businesses use to confirm consumers are who they claim to be. The theft, by criminals who exploited a security flaw on the Equifax website, opens the troubling prospect the data is now in the hands of hostile governments, criminal gangs, or both and will remain so indefinitely.

    To add insult to considerable injury, when people began flooding Equifax with requests for a credit "freeze" (one of the only options these victims have) Equifax charged them a fee to do so -- despite the breach being, essentially, the company's fault. The blow up over that resulted in Equifax offering to freeze your credit for free.

    Not only that, it turns out that three of the top executives at Equifax reportedly sold at least $2 million in company stock following the breach but weeks before news of the breach had become public.

    These three executives have yet to respond to media requests for a statement.

    And these are the people who decide if you are worthy of credit.


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