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The credit reporting agency reached a $700 million settlement with government officials last week, agreeing to pay as much as $425 million of that money to consumers affected by the data breach.
The 2017 data breach landed the consumer credit ratings agency with a record fine, and analysts say the company fumbled its response. A hack at Equifax exposed the data of 147 million people.
An Equifax internal audit in 2015 showed that there was a large backlog of vulnerabilities to patch, that Equifax was not following its own timescales on patching them, that IT staff did not have a comprehensive asset inventory, that Equifax did not consider how critical an IT asset was when prioritising patches, and that the patching process worked on an 'Honour system'.
On average, a data breach exposing sensitive information, such as Social Security numbers, has around 172,000 victims, according to a ConsumerAffairs analysis of the Identity Theft Resource Center ...
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Data breaches occur so often that you might catch a news story about one -- such as the Capital One breach that affected 106 million customers or the recent Equifax data breach settlement -- and ...
November: The Anonymous hacktivist collective announced that they have hacked into four Chinese computer databases and donated those to data breach indexing/notification service vigilante.pw. The hack was conducted in order to support the 2019 Hong Kong protests , amidst the Hong Kong police's siege of the city's Polytechnic University .
2017 Equifax data breach – In 2017, Equifax Inc. announced that a cyber-security breach occurred between May and mid July of that year. Cyber criminals had accessed approximately 145.5 million U.S. Equifax consumers' personal data, including their full names, Social Security numbers , credit card information, birth dates , addresses , and, in ...