Credit: Lexington, KY. Herald-Leader
– Editor’s note:
“Who will watch the corporate credit reporting agencies who watch us?” this Blogger asks!
– “Cybersecurity Incident & Important Consumer Information”
“Equifax Releases Details on Cybersecurity Incident, Announces Personnel Changes”
Friday, September 15, 2017
– Congressional Rep. Denny Heck puts the Equifax breach in perspective
“Protecting your personal information – Equifax breach”
“Many of you might not remember giving Equifax your information because typically credit card companies or lenders contract with credit reporting agencies like Equifax to check your credit report. The Consumer Bureau has more information on what your credit history is and what a credit report includes.”
“By now many of you have probably heard about the biggest data breach in our country’s history, exposing the personal data of 143 million Americans who may have had their credit checked by Equifax.
According to Equifax, the breach occurred from mid-May through July of this year. Hackers were able to access people’s names, Social Security numbers, birth dates, addresses, and sometimes driver’s license numbers. This is far more worrisome than security breaches in the past where hackers obtained credit card numbers, because the damage in those cases can be addressed by replacing the affected credit cards. We obviously can’t replace birthdays and 143 million Social Security numbers.
I share your concern about what might happen if your personal information gets into the wrong hands. The Federal Trade Commission has steps you can take right now to protect your information from being misused. Please spread the word to others about how they can protect their information, including your elderly neighbors. By staying hyper-vigilant, we can prevent criminals from capitalizing on this stolen data.”
– “Equifax: What will other companies learn?”
By the Chicago Tribune:
“You can brand Equifax as the new Yahoo, the new Target or the new Sony — but that would be glaring understatement. The damage wrought by the hacking of Equifax is bigger and broader than in those previous data breaches. And so, expect Equifax to forever wear the hairshirt of corporate catastrophe.
Equifax likely will survive but will pay a stiff, lasting price for allowing a data breach that affects as many as 143 million Americans, more than half of the country’s adult population.
The company is facing a cascade of lawsuits. Federal lawmakers want congressional hearings, and reportedly the FBI is investigating. It’s a sure bet that Equifax and the country’s other two major credit monitoring agencies, Experian and TransUnion, face a big step-up in regulation.”