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07-Nov-2017 18:11

While data breaches have abounded in recent years, there has never been one of this magnitude or one that provides every piece of information hackers need to steal our identities.

Of course, lawsuits and penalties are piling up around the company’s negligence, but these financial losses are nothing compared to the reputational damages Equifax will suffer—shares fell by 18% following the breach and have yet to fully recover.

An annual study of the most commonly used passwords has found that password, 12345678 are still the most commonly used passwords - despite years of security experts urging people to change them to more secure versions.'Just in time for Halloween comes something that might scare anyone who spends a lot of time online: Splash Data's annual list of the most common passwords used on the Internet and posted by hackers,' the researchers said.'At this time of year, people enjoy focusing on scary costumes, movies and decorations, but those who have been through it can tell you how terrifying it is to have your identity stolen because of a hacked password,' said Morgan Slain, Splash Data CEO.

As with many data breaches, the general conclusion of the Equifax attack is that personnel were not aware of the issue beforehand. In early September, I anticipated that a vulnerability in Equifax’s software was known ahead of time, and that this scandal was, therefore, entirely preventable.

Keeping the Equifax data breach in mind, along with enacting these tactical steps, will help you stay ahead of the competition and out of glaring social media headlines.

Consumers can’t always choose whether they’re a customer of Equifax, but they can choose whether to do business with the institutions that gave away their information to Equifax in the first place.A month later, reported that the Department of Homeland Security sent Equifax an alert about a critical vulnerability in their software.



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