As reported last Friday, the 2017 Equifax personal credit reporting agency had a data breach of 143 Million people’s identities. It started in May 2017 and is just now (August 2017) being disclosed. It is going to impact all of us. Sources:
- Equifax data leak could involve 143 million consumers
- PSA: no matter what, Equifax may tell you you’ve been impacted by the hack
- Did Lack of Visibility into Apache Struts Lead to the Equifax Breach?
From the second article on the Equifax breach linked above, this portion really galls me:
… not only are none of the last names tied to your Social Security number, but there’s no way to tell if you were really impacted.
It’s clear Equifax’s goal isn’t to protect the consumer or bring them vital information. It’s to get you to sign up for its revenue-generating product TrustID.
Earlier it was revealed executives had sold stock in the company before going public with the leak. We also found TrustID’s Terms of Service to be disturbing. The wording is such that anyone signing up for the product is barred from suing the company after.
The following phrase alone, if true, combined with Equifax literally trying to monetize their security errors, is what gives capitalism a bad name:
The wording is such that anyone signing up for the product is barred from suing the company after.
Note: Equifax has changed the indemnification, but only under duress imho. Furthermore 30 days free credit monitoring by the company that released your data and then you will have to pay monthly still seems wrong. But to be fair, here is their update:
(Editor: well ya, duh!?)
(Editor: but did you fire the person who did it in the first place?)
I get it. Nothing is secure. If the NSAs hacking tools get stolen and OPM loses all of the data on security clearance checks on our own people, then truly nothing is safe. I get it.
What I do not understand is a company as large as Equifax not being prepared for something like this. That Equifax did not announce it promptly. That Equifax executives sold stock before announcing it. That Equifax then attempted to indemnify themselves. That Equifax is using the crisis to sell a monitoring service that you have to pay for after 30 days. A service to monitor YOUR data that THEY lost control of!
This boggles the mind of a PR Professional.
The Internet was not built for e-commerce – it was built for knowledge sharing in a “walled garden”. Therefore keeping sites secure is not possible. Any security professional will tell you best practice is to white-list good guys (selective inclusion) as opposed to trying to find every attack and block it. Therefore the difficulty at a high level is primarily in identifying and blocking bad actors.
I hate to say it folks, but we are playing whack-a-mole with your identity and money. It will always be an uphill battle to maintain security on the Internet and you will never ever be 100% safe.
As reported by Black Duck (awesome people btw), the specifics of the attack on Equifax are currently easily exploitable on similar sites.
This is like Hurricane Harvey – it’s not even close to over.