On September 7th the consumer credit reporting giant, Equifax, announced a cyber security incident that could have potentially impacted over 143 million U.S. consumers. The company discovered the unauthorized access on July 29th of this year and believes it may have been occurring from mid- May through July 2017. The information accessed includes names, Social Security numbers, birth dates, addresses and driver’s license numbers as well as credit card numbers for over 209,000 U.S. consumers.
Now before the panic ensues, the company acted immediately to stop the intrusion and utilized the help of an independent cyber security firm to conduct an in depth forensic review to determine the impact of the breach. While Equifax reported unauthorized access to limited personal information for some U.K and Canadian residents, the company found no evidence that personal information of consumers in other countries have been impacted. There was also NO evidence of unauthorized access to core consumers or commercial credit reporting databases.
If this issue concerns you, or you think you may have been one of those consumers effected, Equifax has launched a website dedicated to informing users if their information could have been impacted. Which can be found here. On this site Equifax offers an opportunity to find out if your information was potentially hacked into as well as a chance to enroll in their TrustedID Premier, that the company is offering to every US Consumer for free for a year. This service includes 3-Bureau credit monitoring of Equifax, Experian and Transunion credit reports, copies of Equifax credit reports, the ability to lock and unlock Equifax credit reports, identity theft insurance and Internet scanning for social security numbers.
This incident is not the first of its kind and will sadly not be the last. It is important for consumers to protect themselves as much as they can when handling their personal information online. This breach is also a lesson to all businesses, no matter how big or small that their IT security is one of the most important aspects to their business and core activities. A situation like this can leave a bad stigma on your businesses reputation for the future. The CEO of Equifax stated, “Confronting cybersecurity risks is a daily fight. While we’ve made significant investments in data security, we recognize we must do more. And we will.”