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Identity Theft Post Equifax

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Most of us already know that Equifax reported a data breach that affects more than 143 million US customers, about 44% of the population. It’s an extremely serious breach; hackers got access to full names, Social Security numbers, birth dates, addresses, driver’s license numbers — exactly the sort of information criminals can use to impersonate victims to banks, credit card companies, insurance companies, and other businesses vulnerable to fraud.

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Identity Theft Post Equifax

  1. 1. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net The Equifax Breach The Jason Clause Show | S2_E002
  2. 2. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net The Jason Clause Show is a podcast dedicated to collecting good ideas for a growing community of busy managers. Jason Clause
  3. 3. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net Computer Support from Endsight The Jason Clause show is brought to you by Endsight Computer problems are expensive and frustrating, they’re also almost always avoidable. You deserve a better computer experience, trust Endsight to deliver it. Click here to learn how
  4. 4. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net What is Equifax anyway? Personal Use • Credit monitoring • Identity protection • Credit score reporting Business Use • Equifax lists 57 different offerings for businesses, starting with the letter A and ending with the letter V. Everything from Auto Insights for Car Dealers, to Visualization tools is in there.
  5. 5. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net • Equifax collects information about you. Even if you aren’t in the population of breached users, they know you. You don’t know what they know about you, and you have no way to find out in normal circumstances. • Equifax is a large-scale data aggregator, data broker, and analytics firm. They collect, analyze, and derive insights from data – its own data, and data it collects and purchases from other data aggregators.
  6. 6. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net Were you one of the people breached? • Equifax has a website: https://www.equifaxsecurity2017.com/
  7. 7. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net What happened? • Much is still unknown. But it came down to a flaw in a tool designed to build web applications • This flaw was identified in March • Equifax has said it discovered the data breach on July 29. • Equifax determine a series of breaches had occurred from May 13 through July 30, the company said. • Equifax waited more than a month to alert its customers and shareholders about the hack.
  8. 8. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net What was included in the breach • Names • Social Security numbers • Birth dates • Addresses • Driver's license numbers
  9. 9. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net The implications • Unfortunately, the personal trivia and history used for credit checks is now in the open for ~143 million US citizens: – your mother's maiden name, – your address from 1996, – the amount of your first car loan, etc etc. • The validity of this information will never expire, and there won't be a point where it stops being a concern. • Until we know more, we have to think that it’s going to be remarkably easy to impersonate . . . well, anyone. • Identity theft is just the easiest application – CEO fraud – Voter fraud
  10. 10. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net What to should you do?
  11. 11. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net To protect yourself: • Assume you are compromised. • Use credit monitoring – but not what Equifax offered. • Think about establishing a credit freeze. – If you’re married, both you and your spouse should freeze your files, since the companies maintain separate files for every adult that they track. • If your passwords or security questions use ANY personal information (addresses, schools, old car makes and models, etc.) change them right away. • We need to demand control over our information.
  12. 12. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net To protect your business: • Lock down your financial transfer processes. • Remain vigilant against phishing emails. • Deploy managed detection and response services. • Invest in security analytics. • Make web application security cool again. • Review your incident response plan, including your public notification plan.
  13. 13. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net Sources • https://www.schneier.com/blog/archives/2017/09/on_the_equifax_.htm l • https://go.forrester.com/blogs/equifax-does-more-than-credit-scores/ • https://arstechnica.com/information-technology/2017/09/so-equifax- says-your-data-was-hacked-now-what/ • https://www.wired.com/story/how-to-protect-yourself-from-that- massive-equifax-breach/ • https://www.nytimes.com/interactive/2017/your-money/equifax-data- breach-credit.html • https://www.jasonclause.com/make-sure-to-look-after-your-babys- credit/ • https://www.equifaxsecurity2017.com/ • https://www.jasonclause.com/creditcheckfreeze/ • https://www.jasonclause.com/ceo-fraud/
  14. 14. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net Thanks for listening! The Jason Clause Show is a podcast dedicated to collecting good ideas for a growing community of busy managers. Jason Clause
  15. 15. 1440 Fourth Street, Suite B, Berkeley, CA 94710 | 510.280.2000 | www.endsight.net Acknowledgements • I didn't come up with any of this on my own. I've learned from others. Click here to meet my teachers.

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