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Hurricane Equifax, an incoming large-scale threat to your personal data

September 20th, 2017 12:19 pm | By admin | Posted In Corporate, Credit, Loans

It is a rough hurricane season, and Corporate America apparently wants a part of it.

 

Last Thursday, Equifax, one of the three major credit-reporting agencies of the U.S., issued a statement where they announced that the company suffered a “cybersecurity incident” that severely impacted the privacy of more than 143 million U.S. consumers.

 

W-h-a-t? Yep. You read it correctly. More than 100 million people had their information stolen from the company’s database due to an apparent weak-spot found on their website. This includes names, social security numbers, birth dates, addresses and, dreadfully, credit card information from many of the company’s customers.

 

This event has shocked the entire cybersecurity community, along with millions of people who are now wondering what’s going to happen. In this regard, Sen. Mark Warren from Virginia, one of the founders of the Senate Cybersecurity Caucus, has said “It is no exaggeration to suggest that a breach such as this — exposing highly sensitive personal and financial information central for identity management and access to credit — represents a real threat to the economic security of Americans.”

 

 

Equifax.svg

 

And he couldn’t be any more right on this. An analyst from Gartner, a world’s leading research and advisory company, has also said about the dangerous nature of breach that “on a scale of 1 to 10 in terms of risk to consumers, this is a 10.”

 

On the other hand, to addup a little more wind-speed to the already mind-blowing situation, key executives from the firm, including its Chief Financial Officer and the U.S. Information Solutions President, along with others, sold more than $2 million dollars in shares before the “incident” was discovered, which was July, 29, according to Equifax’s statement.

 

So, reading between the lines, your personal information is not ‘currently’ in danger – actually, it ‘has been’ in danger for more than a month, with you not having a clue!

 

Many experts have pointed to the fact that the company’s security shouldn’t have been as weak as to entirely fail through the exploitation of a simple website issue. This is something you would expect from your personal trainer’s website, but not from one of the leading credit firms in the country, am I right?

 

Make no mistake, your personal information is truly in danger, and you should do your best to keep your credit cards, bank accounts, and other sensitive financial elements closely watched to quickly report any concerns to the authorities.

 

The potential impact of this ‘cyber-catastrophe’ can endure for a while, since hackers can trade this information through what is known as the “dark web” for years to come. Therefore, you should keep an eye on everything and report anything that looks suspicious.

 

As always, at FastUnsecured.com, we are here to help. Our partner company, DeletionExpert.com is the best alternative for you to dispute any negative items that are appearing on your credit report. We are the experts in resolving identity theft issues fast, cheap and guaranteed.

 

If you are worried about Hurricane Equifax, we got you covered! Visit us and find out how.

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