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Equifax Data Breach of 2017: Overview, Causes, and Impact | Desklib

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Added on  2023-04-26

About This Document

  • Equifax is a consumer credit reporting agency with 800 million employees and $3.1 billion in annual revenue.
  • The 2017 Equifax data breach affected 143 employees and resulted in the theft of 182,000 personal identifiable numbers and 209,000 credit card numbers.
  • The breach was caused by a web application vulnerability in Apache Struts, with delayed patching and complex implementation processes contributing to the security compromise. The breach incurred financial costs of $90 million to the company and an estimated $600 million overall. Recommendations include credit freezing, fraud reports, credit monitoring services, and enhanced application system security.

Equifax Data Breach of 2017: Overview, Causes, and Impact | Desklib

   Added on 2023-04-26

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Equifax Data Breach of 2017
Name of the Student
Name of the University
Equifax Data Breach of 2017: Overview, Causes, and Impact | Desklib_1
Background and Industry
It is a consumer credit reporting agency
Equifax comprises of 800 million employees
The company possesses $3.1 billion in annual revenue
Over 9000 employees are situated in 14 countries
They operate and have investments in 24 countries
Equifax Data Breach of 2017: Overview, Causes, and Impact | Desklib_2
Background of Data Breach
The application vulnerability was discovered at Equifax on Sept 7,
2017
Equifax had suffered the major data breaches that affected nearly
143 employees (DiGrazia, 2017)
This data breach had occurred in the US, UK and Canada
182,000 personal identifiable numbers and 209,000 credit card
numbers had been stolen
Equifax Data Breach of 2017: Overview, Causes, and Impact | Desklib_3
Data Breach Overview Report
Fig 1: (Ranking of the Equifax Data Breach)
(Source: DiGrazia, 2017)
Equifax Data Breach of 2017: Overview, Causes, and Impact | Desklib_4

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