Friday, September 08, 2017

OPINION_ Equifax data breach is latest reminder of security lessons

THE HILL

Equifax data breach is latest reminder of security lessons

By Raz Rafaeli, opinion contributor -
09/08/17 03:40 PM EDT

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The Equifax data breach this week has quickly become recognized as the quite possibly the worst breach in history. Although other hacks dwarf the Equifax incident in sheer size and volume, the Equifax breach is particularly severe due to the breathtaking amount of highly sensitive data it has left open to criminals. This includes credit card numbers for about 209,000 U.S. customers, as well certain “dispute documents” with personal identifying information for approximately 182,000 U.S. consumers.

In addition to the shock surrounding the hack itself, equally troubling is the fact that according to the company itself, Equifax was aware of “unauthorized access’ to its systems as early as late July. Which means that it has taken the company a solid month or more to inform the public. Furthermore, recent announcements by top Equifax personnel indicated that the company is “in the process of” contacting federal regulators regarding the details of the incident, indicating that the company hasn’t reported the breach to authorities since becoming aware of it, at least a month ago.

There are two important lessons to be taken from the Equifax fiasco, details of which are still emerging. First, the breach calls into question the entire model of authentication prevalent in the world of information security today. Utilizing user personal details such as mother's maiden names, social security numbers, and other security questions to authenticate users has once again been demonstrated to be an easily circumventable method for hackers to get around.

READ MORE: http://thehill.com/blogs/pundits-blog/technology/349847-equifax-data-breach-is-reminder-of-lessons-in-cybersecurity


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