Quick Answer: Was The Equifax Breach Preventable?

How do data breaches affect consumers?

A data breach leads to several unwanted consequences for the consumer.

They may have to deal with identity theft, temporary account cancellations, and fraudulent credit card activity.

Based on a consumer sentiment report, stress had the biggest impact on consumers after a data breach..

Are data breaches preventable?

The answer is, most of the time, yes. Despite the news headlines and the growing awareness of data breaches, most company leaders fail to understand the true nature of these attacks and the consequences when they occur.

What can be done to prevent data breaches?

Preventing a Data BreachKeep Only What You Need. Inventory the type and quantity of information in your files and on your computers. … Safeguard Data. … Destroy Before Disposal. … Update Procedures. … Educate/Train Employees. … Control Computer Usage. … Secure All Computers. … Keep Security Software Up-To-Date.More items…

Who was responsible for the Equifax data breach?

The U.S. Department of Justice announced that a federal grand jury in Atlanta delivered a nine-count indictment accusing four hackers and members of China’s People’s Liberation Army – Wu Zhiyong, Wang Qian, Xu Ke and Liu Lei – of serving as masterminds of the hack.