Who is responsible for Equifax breach?
On Monday, the Department of Justice identified the alleged culprit: China. In a sweeping nine-count indictment, the DOJ alleged that four members of China’s People’s Liberation Army were behind the Equifax hack, the culmination of a years-long investigation.
What would Equifax have done differently?
What could Equifax done differently that may have thwarted the breach? Specifically, they could have applied patches for known vulnerabilities in a standard patch update process. Or maybe, by adhering to the Framework, Equifax would not have suffered the breach in the first place.
How did Equifax get breached?
The breach occurred after Equifax security officials failed to install a software upgrade that had been recommended to seal off digital intruders from obtaining access to the names, birthdates and Social Security numbers of the victims, the indictment says.
Has anyone received Equifax Settlement?
It’s been one year since the settlement involving tens of millions of victims of the colossal Equifax data breach received final approval and the deadline passed for filing initial claims. There’s still been no payout.
Is Equifax a private company?
With over 10,000 employees worldwide, Equifax has US$3.1 billion in annual revenue and is traded on the New York Stock Exchange (NYSE) under the symbol EFX….Equifax.
| Type | Public |
|---|---|
| Industry | Credit risk assessment |
| Founded | 1899 (as Retail Credit Company) |
| Founders | Cator Woolford Guy Woolford |
| Headquarters | Atlanta, Georgia , U.S. |
What was the Equifax vulnerability?
The attackers used the vulnerability to pop a web shell on the server weeks later, and managed to retain access for more than two months, the House panel found, and were able to pivot through the company’s various systems by obtaining an unencrypted file of passwords on one server, letting the hackers access more than …
What is happening with Equifax settlement?
Finalized in January 2020, the settlement compensates U.S. consumers whose personal information was exposed in a cyberattack on the credit bureau Equifax. The breach compromised an estimated 147 million people’s data, including social security numbers and addresses.
What is the purpose of Equifax?
Our purpose is to help people live their financial best. We strive to create economically healthy individuals and communities everywhere we do business.
What laws did Equifax break?
The FTC alleges that Equifax violated the FTC Act’s prohibition against unfair and deceptive practices and the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program to protect the security, confidentiality, and …
What personal information has been hacked from the Equifax?
The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people.
How long did Equifax know about the breach before going public?
Equifax knew the attack was going for quite a while before they went public with the breach. While we were kept in the dark about this, millions of people continued to transmit personal information through the site. They knew about the vulnerability in the dispute portal and they still allowed ppl to access it.
Should Equifax be regulated by the government?
Equifax and “private cybersecurity” guys are on the case! They should all be strictly regulated from now on by the government. The government gets our tax dollars so they should start doing right by it’s citizens. All those higher ups in Equifax should face charges by the supreme court.