Hurricane Equifax is a Category 5 breach
- Author: Eleanor Harrison Sep 14, 2017,
Sep 14, 2017, 0:47
Equifax's stock is now down 30% since the company first revealed the data breach, which exposed sensitive personal information of 143 million Americans, last Friday. From a secure computer and an encrypted network connection, visit Equifaxs website at www.equifaxsecurity2017.com and click on the tab Potential Impact. Enter your last name and the last six digits of your Social Security Number. Everyone in the US now has a personal reason to take steps to protect against cyber-crime and identity theft.
Eric Schneiderman, New York's attorney general, warned people to be vigilant about hacking and other online and email attacks. These include Federal, State and local government agencies; colleges and universities; and hundreds of small, medium and large enterprises and financial institutions.
Connecticut Attorney General George Jepsen said last week that he was working with colleagues in Pennsylvania and IL to open a formal probe of the hack, which Equifax discovered in July but did not disclose until September. Some large banks, in particular, believe Equifax has handled the breach poorly, by failing to give them advance warning, and still not saying how it was hacked (see Is Unpatched Apache Struts Flaw to Blame for Equifax Hack?). As a result, the personal information of 78.8 million insured customers was stolen. Specifically, he said phishing emails and phone calls could claim to be from Equifax in an attempt to obtain personal data. But not every bureau has an identical set of financial information on every person, which accounts for even more variability in credit scores. Then they're going to piece meal it up and sell it on the black market. "This is just one more example why the CFPB's rule banning forced arbitration is badly needed to protect the rights of working Americans".
"I think that the legal system really does need to get simpler for people", he said. Morfeld said that offering only a year of free monitoring means that Equifax, which provides credit monitoring as a paid service, stands to profit from its security breakdown. In November 2014, hackers released confidential data from the film studio Sony Pictures. "Presumably, Equifax is seeking to reverse the CFPB's rule and limit their liability via repeal legislation, S.J. Res 47". But it's also somewhat of a hassle - so if you're shopping for a auto or house, you'll want to leave the freeze off for a while. The DoNotPay bot launched in all 50 states over the summer and offers services free.
"We're always trying to stay one step ahead of the people trying to knock down our door, which is constant", he said. Criminals exploited a USA website application vulnerability to gain access to certain files, the firm said in a statement. Assuming the hackers knew what they were doing, it won't be long before they try to steal my identity.
Consider freezing your credit reports. It will not prevent a thief from using any of your existing accounts, but a credit freeze makes it harder for someone to open a new account in your name.
Warner cited reports that found typing "test" in the name input and "123456" in the social security number input returned a confirmed breach.
There are companies that you can contract with that will monitor your credit activity (reports, etc.) on your behalf and notify you if there is any suspicious activity.