Hackers successfully acquired access to 143 million individuals' Social Security number, driver's license numbers, and credit card numbers. Equifax's breach affects nearly half of the U.S. population.
The details of the breach will take months to unfold. However, there is a high likelihood that the breach was the result of negligence of a third-party service provider and/or employee.
Hackers are increasingly targeting service providers of large companies at an alarming rate. It only takes one click to bring the services of a company and its strategic partners to a halt.
During a breach, their efforts will immediately shift from growing their company to saving it.
Most believe that having the best firewalls in place will mitigate this risk, but in reality their most vulnerable firewall is the human firewall. Security training and awareness must be continuous to keep up with ever-evolving threats. Especially since hackers are always one day ahead of the firewalls that protect you.
WHAT INDIVIDUALS CAN DO:
Data breaches may also lead to phishing scams: Companies should never ask for a full social security number or driver's license; they should instead confirm your card number, zip code and one or two security questions.
WHAT COMPANIES CAN DO:
You're Invited! 2020 Automotive Outlook
Wednesday, January 15, 2020
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