12 Feb 2020

China Denies Involvement in Equifax Hack

Last week the United States stated that Chinese actors were behind the Equifax hack that compromised the sensitive information of millions of Americans. However, yesterday the People’s Republic of China has denied involvement in the attack.   The Department of Justice issued a nine-count indictment against military personnel in China, claiming

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11 Feb 2020

How 4 Chinese Hackers Allegedly Took Down Equifax

On Monday, the US Department of Justice identified the culprit behind the major Equifax attack that occurred in 2017. The incident caused the sensitive personal information of almost 150 million Americans to be leaked, resulting in names, birth dates, and Social Security numbers becoming exposed. In the announcement, which is

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15 Jan 2020

2017 Data Breach Will Cost Equifax at Least $1.38 Billion

Equifax has agreed to set aside a minimum of $380.5 million for breach compensation and promises to spend another $1 billion on elevating its information security over the next five years. Customers affected by the breach, almost 147 million US consumers, have one week from today to file a claim.

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21 Oct 2019

Equifax used ‘admin’ as username and password for sensitive data: lawsuit

A class action lawsuit filed against Equifax over its failures to protect sensitive user data, which led to the massive 2017 data breach, shows that the login credentials for one of the company’s portals containing confidential data consisted of ‘admin’ for both the username and password. The lawsuit, which was

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01 Aug 2019

FTC on Equifax settlement: Take credit monitoring over cash

The US Federal Trade Commission (FTC) on Wednesday advised people impacted by the 2017 Equifax breach to apply for 10 years of free credit monitoring instead of a cash payout, because it is unclear how much money they would get if they pick the latter, but due to the high

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23 Jul 2019

What you should know about the Equifax data breach settlement

Equifax will pay a minimum of $575 million, and potentially up to $700 million for failing to properly protect people’s data, the company has agreed as part of a settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), 48 states, the District of Columbia and Puerto Rico.

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18 Jun 2019

Equifax breach impacted the online ID verification process at many US govt agencies

A recent report[pdf] by the US Government Accountability Office (GAO) highlights a relatively unknown dimension of the impact of the massive 2017 Equifax data breach. The standard method used by many government agencies for identifying US citizens that want to apply for benefits through digital portals, was rendered unsafe by

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