Cyber Security Report: Equifax Data Breach Analysis, Solutions

This report focuses on a cyber security issue: data breach, using the Equifax breach as a case study. It details the nature of the breach, its impacts on the organization and affected individuals, including the theft of sensitive personal and financial information. The report further discusses the potential steps the organization could have taken to prevent the breach, such as improved security measures, fraud alerts, and credit monitoring services. The report emphasizes the importance of open communication and transparency in addressing and mitigating cyber security threats. The analysis provides insights into the significance of robust security protocols and proactive measures in safeguarding organizational and consumer data.

Running head: CYBER SECURITY
CYBER SECURITY
Name of Student
Nam of University
Author’s Note

1CYBER SECURITY
Recent cyber security issue
The cyber security issue that has been selected is data breach; data breach is occurred
when unauthorized users get access of organizational data or employee that belongs to a
particular organization. The unauthorized users can be external or internal and data breach
can prove to be harmful for the organization.
Organization chosen and impacts on organization
The recent cyber security issue that has been selected is data breach and the enterprise
chosen for this assignment is Equifax, it an America based financial organization and had
faced cyber security threat recently (DiGrazia, 2017). This organization had faced a huge data
breach which had affected numerous people working or related to the organization. On 7th
September of 2017 the organization announced the incident of cyber security attack. It was
the largest in the history, data was accessed by unauthorized users since middle of May. The
breach was actually discovered on 29th of July (Turban, Volonino& Wood, 2018). Data
regarding names, birth dates, social security numbers, and addresses and driving license
numbers were stolen. The breach had also increased the threat of identity theft of millions of
people in America. Consumers were concerned regarding the security of their documents and
data. The company lost a huge amount of its organizational data.
Steps that could have been taken
In order to prevent the incident the organization should have improved their security
measures along with informing consumers regarding the ways by which they could secure
their data, some more steps are mentioned below
 The company must have shown the customers that they are improving their
security with the help of open communication as well as commitment to the
transparency provided by the organization.

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 Fraud alerts could have been implemented which would have helped the
customers to receive alerts when any unauthorized user applies for a credit by
their name (Turban, Volonino& Wood, 2018).
 Credit monitoring could have also been initiated which would have helped
customers to monitor their credit services and track the changes in their credit
reports. It could have detected any suspicious activities.

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References
DiGrazia, K. (2017). Cyber Insurance, Data Security, and Blockchain in the Wake of
the Equifax Breach. J. Bus. & Tech. L., 13, 255.ohn Wiley & Sons Inc.
Turban, E., Volonino, L.,& Wood, G. R. (2018). Information technology for
management: On-demand strategies for performance, growth, and
sustainability (11th ed.). Hoboken, NJ: J