* Cyber Criminals breach Equifax and steal Social Security numbers from 143 million people

Equifax

TechViews News   …..

Equifax, the credit monitoring company, has been hit by a cyber-heist that exposed the Social Security numbers and other personal information 143 million Americans

The company, one of three major U.S. credit bureaus, said Thursday, September 7 that “cyber-criminals” used an American website to access personal files between mid-May and July of this year.

“On a scale of one to 10, this is a 10 in terms of potential identity theft,” said Gartner security analyst Avivah Litan. “Credit bureaus keep so much data about us that affects almost everything we do.”

The theft obtained consumers’ names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license numbers. The threat is that this basic data can be enough for crooks to hijack the identities of people whose credentials were stolen through no fault of their own, potentially wreaking havoc on their lives.

Lenders rely on the information collected by the credit bureaus to help them decide whether to approve financing for homes, cars and credit cards. Credit checks are even sometimes done by employers when deciding whom to hire for a job.

The company established a website, https://www.equifaxsecurity2017.com/ , where people can check to see if their personal information may have been stolen. Consumers can also call 866-447-7559 for more information.

“This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do,” Equifax CEO Richard Smith said in a statement. “I apologize to consumers and our business customers for the concern and frustration this causes.”

Equifax’s security lapse could be the largest involving the theft of Social Security numbers, one of the most common methods used to confirm a person’s identity in the U.S. It eclipses a 2015 hack at health insurer Anthem Inc. that involved the Social Security numbers of about 80 million people.

“This really undermines their credibility,” Litan said. It also could undermine the integrity of the information stockpiled by two other major credit bureaus, Experian and TransUnion, since they hold virtually all the same data that Equifax does, Litan said.

The potential aftershocks of the Equifax breach should make it clear that Social Security numbers are becoming an unreliable way to verify a person’s identity, Nathaniel Gleicher, the former director of cybersecurity policy in the White House during the Obama administration, said in an email statement.

“This breach might just have put the nail in the coffin of the idea that we can use personal identifiers like Social Security numbers as security factors,” wrote Gleicher, who now oversees cybersecurity strategy for computer security firm Illumio.

Besides all the personal information that was stolen in its breach, Equifax said the credit card numbers for about 209,000 U.S. consumers were also taken, as were “certain dispute documents” containing personal information for approximately 182,000 U.S. individuals.

Be Safe – Backup Your Data Regularly!

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