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The Equifax Data Breach: What Happened & What You Can Do Now

The Equifax Data Breach: What Happened & What You Can Do Now
By Nicholas Breit, CFA, CFP®, Senior Consultant & Financial Planning Practice Leader
September 18, 2017
 
What Happened
On September 7th, Equifax shocked millions with its acknowledgment that a data breach at the company could potentially affect as many as 143 million U.S. consumers (to put that number into perspective, census data estimates the total U.S. population at 324 million).
Equifax’s vulnerability traces back to early March, when Cisco Systems noted an online security flaw that could expose servers around the internet. Equifax claimed that its technology experts worked at that time to update vulnerable systems, though we now know those patches were ultimately not successful.
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