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gain a foothold into the company’s IT networks, allowing them to
launch other attacks in 2017.
In September, Equifax announced a data breach that exposed data
on about 145.5 million U.S. individuals. The data breach occurred
between May and July and exposed data such as first and last
names, addresses, birth dates, and social security numbers. About
10 to 11 million of these records included driver’s license numbers
and credit card numbers for 209,000 U.S. individuals. The data
breach also exposed data for as many as 44 million Britain
residents and about 8,000 Canadians.
In October, the Equifax website was modified by attackers. Some
pages redirected users to a different site, offering a malware-
infected update for Flash. Some of these acted as drive-by
downloads. Users only needed to click the link, and their computer
was infected. Other pages encouraged users to download and
install a malware-infected file.
There’s an important lesson that responsible organizations can
learn from these attacks. The May attack was preventable.
Attackers took advantage of an Apache Struts web application
vulnerability that could have been patched in March. This indicates
a lack of a comprehensive patch management program.
Additionally, security experts reported that they were able to log
into the Argentina Equifax web portal using the account of admin
and a password of admin in September. This was after Equifax
reported the data breach that occurred in May and July. Lawyers
are sure to imply that these are patterns of negligence.
The Equifax data breach can negatively impact the finances and credit
ratings of tens of millions of individuals for years to come. It is also
impacting Equifax directly. Shares dropped 35 percent within a week
after Equifax officials publicly announced the data breach in
September. This effectively wiped out about $6 billion of the
company’s market value. One class-action lawsuit is seeking $70
billion in damages. The U.S. Internal Revenue Service (IRS) reportedly
suspended a $7.2 million contract with Equifax after the October
attack. Additionally, the Federal Trade Commission (FTC) reported

