Company News

The Equifax breach: consequences, implications, and sequelae

Sep 12, 2017

the cyber wire news

Commercial enterprise is the front line of defense against hacking, and the 143 million records compromised suggests every family in the U.S. is affected. The bad guys now have your financial information, your employment history, your children’s names, what school they attend – this is a tsunami of personal risks to all U.S. citizens, not just the 44% who were directly affected. It is inconceivable the amount of information these firms hold, and the long-term effects are massive. How do you get a job or buy a house when the U.S. economy has been compromised? This goes down to the fiber of the United States, and a breach of this caliber has the potential to freeze the credit reporting system, the banking system, and do major damage to the global economies as a whole.

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