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how consumers, businesses should respond to huge equifax data breach

how consumers, businesses should respond to huge equifax data breach News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



how consumers, businesses should respond to huge equifax data breach

after what is actually latest in a long series of data breaches at the company, credit reporting firm equifax said that it will do a better job of protecting the personal and financial data of millions of consumers in the u.s. and abroad.equifax made this promise in a sept. 7 announcement about the july 29 data breach that exposed the data of 143 million consumers in the us.so far equifax hasn’t provided much information about the breach beyond saying it’s due to an application vulnerability. however, even that tiny bit of information, coupled with the company’s reported history of lax security and an apparent failure to apply patches and updates in a timely manner tells a troubling story.adding to the seeming lack of concern for critical personal data that is entrusted to equifax comes word that before the breach was announced in september, three senior executives reportedly took advantage of their knowledge of the breach by selling massive amounts of the company stock.further readingequifax's apparent failure in its duty protect customer data by keeping its computer systems secure has already resulted in multiple legal actions and at least one class lawsuit. that, along with the behavior of its executives suggests that company leadership was looking out for its own interests rather than the interests of customers or consumers.the july data breach is hardly the first one reported by the company. in fact, it’s not even the first one in 2017. a number of security rese...