Last night, many of us (143 million of us, precisely) had our dinners ruined by the revelation of Equifax’s huge data breach.
Equifax is one of the “big three” credit reporting agencies (CRAs). Lenders, insurers, and utility companies rely on its data to make decisions to give people money for loans, insurance coverage, and services, respectively.
According to the Wall Street Journal, “The size of the hack is second only to the pair of attacks on Yahoo disclosed last year that affected the information of as many as 1.5 billion customers.”
And, yesterday’s breach also involves nearly twice the number affected by a financial firm, the last being the cyberattack at J.P. Morgan Chase & Co. about three years ago.