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  6. Business Ethics Case Analyses: Equifax Breach: Stolen personal data (2017)

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  1. Equifax data breach FAQ: What happened, who was affected, what was the

    143 million: Number of consumers whose data was potentially affected by the breach. $125: The most you can expect to get in compensation if your data was exfiltrated from Equifax's systems. $1.4 ...

  2. Case Study: Equifax Data Breach

    The case study of the Equifax data breach exemplifies flaws inherent in management of Credit Reporting Agencies (CRAs). CRAs aggregate and sell historical credit information of individuals and companies. Credit card companies, banks, employers, and landlords sell consumers' borrowing and repayment history to CRAs. ...

  3. Data Breach at Equifax

    The case supplement provides details of how Equifax recovered from the breach and changes the company made. On September 7, 2017, Equifax announced that the personal information of over 140 million consumers had been stolen from its network in a catastrophic data breach, including people's Social Security numbers, driver's license numbers ...

  4. Beyond Headlines: Case Study- The Equifax Data Breach and Lessons

    The Equifax data breach in 2017 stands as a stark reminder of the critical importance of robust cybersecurity measures in an era of escalating digital threats. In this case Beyond Headlines: Case Study- The Equifax Data Breach and Lessons Learned guide, we analyze the intricate details of the breach, examining the vulnerabilities that led to the compromise of the sensitive personal information ...

  5. How the Equifax hack happened, and what still needs to be done

    Updated Sept. 7 at 4:54 a.m. PT: Added details about the Equifax breach. Security: Stay up-to-date on the latest in breaches, hacks, fixes and all those cybersecurity issues that keep you up at night.

  6. 2017 Equifax data breach

    The Equifax data breach occurred between May and July 2017 at the American credit bureau Equifax.Private records of 147.9 million Americans along with 15.2 million British citizens and about 19,000 Canadian citizens were compromised in the breach, making it one of the largest cybercrimes related to identity theft.In a settlement with the United States Federal Trade Commission, Equifax offered ...

  7. (PDF) Applying the Lessons from the Equifax ...

    The Equifax data breach in 2017 was one of the largest in history, with 148 million people affected. ... we conducted a detailed study of why the saf ety . ... Equifax case revealed that the ...

  8. A Case Study Analysis of the Equifax Data Breach 1 A Case Study

    A Case Study Analysis of the Equifax Data Breach 2 A Case Study Analysis of the Equifax Data Breach The Equifax data breach was one of the most significant cyberattacks of 2017. The attack's ...

  9. Data Protection: Actions Taken by Equifax and Federal Agencies in

    Data breaches at Equifax and other large organizations have highlighted the need to better protect sensitive personal information. GAO was asked to report on the major breach that occurred at Equifax in 2017. This report (1) summarizes the events regarding the breach and the steps taken by Equifax to assess, respond to, and recover from the ...

  10. Data Breach at Equifax

    The case discusses the events leading up to the massive data breach at Equifax, one of the three U.S. credit reporting companies, the organizational and governance issues that contributed to the breach, and the consequences of the breach. The case supplement provides details of how Equifax recovered from the breach and changes the company made. On September 7, 2017, Equifax announced that the ...

  11. PDF Equifax Data Breach A Case Study Analysis of the Equifax Data Breach 1

    A Case Study Analysis of the Equifax Data Breach 5 Adding accident injury, the site was flagged as a phishing threat. Worse, Equifax customer service directed potential victims to one of the illicit phishing sites via their Twitter feed (Deahl & Carman, 2017). As customers flocked to freeze their credit reports, they were

  12. Lessons learned from the Equifax data breach

    In September of 2017, Equifax, one of the three largest consumer credit reporting agencies in the United States, announced a data breach that exposed the personal information of 147 million people. The data breached included names, home addresses, phone numbers, dates of birth, social security numbers, and driver's license numbers. The credit card numbers of approximately 209,000 consumers ...

  13. EPIC

    The CFPB, the FTC, and 48 State AGS today announced a settlement with Equifax arising from the 2017 data breach that compromised personal data of 143 million Americans. The company, which offers authentication services, failed to safeguard the names, addresses, dates of birth and SSNs of 147 million Americans, and then failed to act once aware of the breach.

  14. Julia Houston on lessons from the Equifax data breach

    Five years ago, Equifax Inc., a global credit-reporting agency, was the victim of a 2017 data breach, exposing the personal information of 147 million people. As the crisis unfolded, Julia Houston, the company's chief strategy and marketing officer, was part of the team managing the fallout. Her takeaway: "Every executive really needs to be ...

  15. PDF U.S. House of Representatives Committee on Oversight and Government Reform

    announced the breach, Smith boasted Equifax was managing "almost 1,200 times" the amount of data held in the Library of Congress every day. 2 Equifax, however, failed to implement an adequate security program to protect this sensitive data. As a result, Equifax allowed one of the largest data breaches in U.S. history. Such

  16. PDF A Systematic Study of the Control Failures in the Equifax ...

    The data breach has been investigated by various federal and state agencies that collected and analyzed over 45,000 pages of related documents. This research is built upon those findings and identifies the root causes of the control failures of Equifax's cyber defense system, and determines the improvements the to reduce

  17. A Case Study Analysis of the Equifax Data Breach

    2019, ResearchGate. A Case Study Analysis of the Equifax Data Breach The Equifax data breach was one of the most significant cyberattacks of 2017. The attack's effects were far-reaching, affecting millions of people and multiple businesses and agencies. In fact, the attack was so concerning that the United States Government Accountability ...

  18. PDF USCA11 Case: 20-10249 Date Filed: 06/03/2021 Page: 1 of 64

    This appeal arises from the 2017 data privacy breach of Equifax Inc. and its affiliates (collectively "Equifax") . After the breach came to light, scores of class actions against Equifax flooded the courts. The cases were consolidated in the Northern District of Georgia, where Plaintiffs and Equifax eventually settled their

  19. Equifax Data Breach Case Study: Causes and Aftermath.

    Equifax data breach costs. Equifax had a $125 million cybersecurity insurance policy with a $7.5 million deductible at the time of the breach. "We have received the maximum reimbursement under the insurance policy of $125 million, all of which was received before 2019," they said. In 2019, Equifax settled with the FTC.

  20. The Equifax hacks are a case study in why we need better data breach

    The Equifax hacks are a case study in why we need better data breach laws. Equifax handled a disastrous hack poorly. But the core of their behavior isn't unusual. by Karen Turner. Sep 14, 2017 ...

  21. PDF Analysis and Implications for Equifax Data Breach

    data from the Equifax system for two months without detection. 2 RELATED WORK There have been many studies and papers related to the Equifax breach and others; however, they have mostly focused on the techni-cal details of the breach, how it affects consumers, and how Equifax acted. There has been some research spread through various re-

  22. Equifax Data Breach Settlement

    The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach. The initial deadline to file a claim in the Equifax settlement was January 22, 2020.

  23. Lessons from the Equifax Data Breach

    What You Should Learn from the Equifax Data Breach. The Equifax data breach may have been the hot topic in the news for weeks, but data breaches are a long-term concern. In fact, a 2014 breach of Altaba, Formerly Known as Yahoo!, resulted in personal data relating to hundreds of millions of user accounts being stolen.

  24. Equifax data breach case study

    EQUIFAX DATA BREACH CASE STUDY. Student Author Philosophy 1404: Ethics and Social Responsibility Dr. Sergey Petrov November 16, 2021. Equifax suffered a massive data breach, exposing approximately 143 million individuals' personal information. The data breach itself shows the lack of security oversight maintained by the company, but how it ...