What were the key impacts of the Equifax breach? Select two answers.
Question
What were the key impacts of the Equifax breach? Select two answers.
Solution
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Personal Data Exposure: The Equifax breach resulted in the exposure of personal data of approximately 147 million people. This included sensitive information such as Social Security numbers, birth dates, addresses, and in some instances, driver's license numbers. This exposure put these individuals at a heightened risk of identity theft.
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Financial Impact: Equifax faced significant financial repercussions due to the breach. The company spent millions of dollars in response to the breach, including legal fees, investigation costs, and expenses related to improving their security infrastructure. Additionally, they had to pay a settlement of up to $700 million as a result of a federal investigation into the breach.
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