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IDG Contributor Network: Making a bad situation worse: how Equifax mishandled the breach

26
Sep
2017
IDG Contributor Network: Making a bad situation worse: how Equifax mishandled the breach

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There have been some very high-profile data breaches in the last few years, but the latest disaster to hit the headlines concerns one of the largest credit bureaus in the United States.

It’s estimated that the Equifax data breach exposed 143 million consumers, with cybercriminals accessing birth dates, addresses, and even Social Security, credit card and driver’s license numbers, making it one of the worst corporate data breaches ever.

The global average cost of a data breach is $3.62 million, according to the Ponemon Institute, which also estimates the average cost for each lost or stolen record containing sensitive data at $141.

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