Data breach at Equifax

[techweenie]

143,000,000 records compromised.

https://www.cnbc.com/2017/09/07/credit-reporting-firm-equifax-says-cybersecurity-incident-could-potentially-affect-143-million-us-consumers.html

[eddie914]

Is this not the reason many of us have joined Equifax ... to prevent identity theft?

?! IRONIC ?!

[JJ 911SC]

Quelle surprise...

[legion]

They say I have been compromised.

In order to get the free credit monitoring, I have to sign back in in 5 days. No reminders will be sent.

Seems they don't really want to have to comply with federal law.

[techweenie]

Rep. Schiff just stated this happened about 6 weeks ago. He's pissed it took so long for Equifax to report it.

---------it gets worse---------

http://www.rawstory.com/2017/09/equifax-executives-dumped-1-8m-in-stocks-before-news-of-their-hack-went-public-report/

[legion]

I only know this because I did a stint working on this kind of stuff....

If a breach is above a certain size, they are under no obligation to notify you that your information has been compromised. You have to go find out for yourself.

[Jim Richards]

Originally Posted by techweenie

Rep. Schiff just stated this happened about 6 weeks ago. He's pissed it took so long for Equifax to report it.

---------it gets worse---------

Equifax executives dumped $1.8M in stocks before news of their hack went public: report

Sounds like a crime.

[RANDY P]

Originally Posted by eddie914

Is this not the reason many of us have joined Equifax ... to prevent identity theft?

?! IRONIC ?!

Equifax is a reporting agency, monitored or not, the information was stolen if you have a credit history.

rjp

[cabmandone]

Good thing I have my credit frozen huh?
I wonder what kind of assurance Equifax can give that the answers to my security questions that are asked to release the credit freeze weren't stolen?

[RANDY P]

This is bad considering our entire population just crosses over 300 Million.

[Crowbob]

This was predictable.

In fact, somebody did predict it.

Much like AI taking over the world. Couldn't happen they said on account of the algorithms.

So what is one supposed to do now?

[Vipergrün]

I don't want to sound sarcastic and paranoid, but working in the software security industry, I can almost guarantee everyone's personal data has been compromised long ago. There are two types of companies, those who have been breached, and those who have not discovered they have been breached.

Grab a good bottle of wine and read this;

https://www.ictsecuritymagazine.com/wp-content/uploads/2017-Data-Breach-Investigations-Report.pdf

[Holger]

What to expect when data is accessible from the net/outside.
Pure stupidity.

[drcoastline]

News just reported execs at Equifax sold 2,000,000 in stocks the day after discovering the compromise.

[JJ 911SC]

Originally Posted by drcoastline

News just reported execs at Equifax sold 2,000,000 in stocks the day after discovering the compromise.

Oh oh, someone might meet Bubba or Ben...

[rfuerst911sc]

I was watching the local news here in Marietta and Clark Howard recommended to do a credit freeze with all three major players: Equifax , Experian and Transunion . Sounded like a good thing to do even if it may be too late .

I went on all three of their websites and followed the " freeze credit " directions . On all three went all the way up to taking my credit card info but when I submitted all three stated freeze request denied So now what ?

Experian and Transunion state you can do the freeze over the phone so I guess I will try that route . But with Equifax the only other option is by mail..........what does that buy the execs more time to dump stock and make millions ???

[RANDY P]

One out of two Mericans just had their identity stolen...

This is really, really bad.

rjp

[Tobra]

Originally Posted by Jim Richards

Sounds like a crime.

Sounds like?

[Porsche-O-Phile]

This is what happens when banks (and data collectors) get "too big to fail". You'd think we'd have learned this in 2008 but noooooooo.

Google has probably a million times as much data amassed about everyone than Equifax, TransUnion and Experian put together and they want to sell it to people for a profit so that makes it all okay (at least in the eyes of conservative lawmakers and FCC "regulators"*).

Just wait until Google gets hacked. It'll happen eventually. Then we'll see how much personal privacy we've all really lost.

* translation: "industry appeasers"

[RANDY P]

Originally Posted by Porsche-O-Phile

This is what happens when banks (and data collectors) get "too big to fail". You'd think we'd have learned this in 2008 but noooooooo.

About now is a good time to put your resume out seeking IT projects in security.

Posting now.

rjp