As you probably already have heard, Equifax, one of three major credit reporting agencies, revealed that highly sensitive personal and financial information for around 143 million U.S. consumers was compromised in a cybersecurity breach that began in late spring. Later we learned of a second breach, that included about 100,000 Canadians and up to half of the people in the U.S.(As reported by NPR).
1. What was the potential reason for this breach? In other words, why did it happen?
2. What type of information did the hackers get?
3. What was the recent finding of the Consumer Financial Protection Bureau about Equifax?
4. What should you do if your credit was breached?
Source: White, G. (2017). A Cybersecurity Breach at Equifax Left Pretty Much Everyone’s Financial Data Vulnerable. The Atlantic, Sep. 7 (Retrievable online at https://www.theatlantic.com/business/archive/2017/09/equifax-cybersecurity-breach/539178/)