How to Protect Yourself from the Equifax Data Breach
Equifax, one of the three major consumer credit reporting agencies disclosed that hackers compromised Social Security and driver’s license numbers as well as names, birthdates, addresses and some credit cards on more than 143 million Americans. If you have a credit profile, you were probably affected.
Credit reporting companies collect and sell vast troves of consumer data from your buying habits to your credit worthiness, making this quite possibly the most destructive data security breach in history. By hacking Equifax, the criminals were able to get all of your personally identifying information in a one-stop shop. This is the third major cybersecurity breach at Equifax since 2015, demonstrating that they continue to place profits over consumer protection. Ultimately, their negligence will erode their margins, their credibility and their position as one of the big three.
Identity thieves prey on those who are most vulnerable. You may be in the process of cleaning up your lives, but predators running disaster scams may want to clean up on you by stealing your valuable private information.
As we learned from Hurricane Katrina and Superstorm Sandy, one of the most despicable side effects of a natural disaster is the massive increase in reported cases of identity theft in the affected areas. Thieves take advantage of those who are vulnerable, and those who have suffered flooding, wind damage and the effects of the storm are more vulnerable than ever. Imagine how devastating it would it be to apply for a line of credit to help your family recover from the storm only to find out that your entire net worth now belongs to a thief.
Here are some of the highest priority actions for victims of Hurricane Harvey to take once they have taken care of their immediate safety needs.
Our national security depends on cyber security, and Russian hacking threatens those defenses. Every day that I come to work, I see an erosion of traditional power structures at the hands of increasing cyber threats. The hacking of Yahoo by Russian operatives and the DNC are two such examples that have potentially shifted the balance of power from our marketplace and political sphere into the hands of Vladimir Putin, Russian cyber criminals and anyone piggybacking on their technology. Now that Roger Stone, an administration advisor, has admitted to contact with the DNC hacker (Guccifer 2.0), the ties are too direct to ignore. But we shouldn’t be doing this for purely political reasons, we should be doing it to clear our President and his administration of wrongdoing so that they can go on about governing the country and implementing their vision.
Click the image below for a PDF of 7 Steps to Preventing Identity Theft
Protecting your personal identity doesn’t need to be difficult. But it does take a bit of effort to minimize your digital footprint. The following action items are among the first you should take to protect yourself and your family. From there, we can go into greater detail on protecting the smartphones, laptops and Internet accounts that are increasingly being targeted.
Summary of ID Theft Protection Action Items
- Opt out of financial junk mail by registering at www.OptOutPreScreen.com.
- Shred any paper documents that would go in the trash with a durable and safe confetti document shredder.
Election Hacking Confirmed: The NSA, CIA and FBI have universally concluded that Russian President Vladimir Putin interfered with and quite possibly changed the outcome of our Presidential election. Regardless of who you voted for, your vote has been hacked. If you are a Clinton supporter, you face the prospect of your candidate having lost the election due to manipulation. If you are a Trump supporter, it’s possible that our future President’s mandate and credibility have been significantly undermined and eroded.
This is a major loss for both sides of the political spectrum – it is a massive loss for America as voiced by politicians both Republican and Democrat. In case you haven’t had time to keep up with the findings of the Director of National Intelligence, here are the nuts and bolts of what the NSA, CIA and FBI agreed on unanimously and with high confidence (a nearly unprecedented occurrence in intelligence history).
It’s almost Cyber Monday, so tell me something – why do you shop online? Because it’s super convenient! Or because you get better pricing? Maybe it’s because you’re allergic to hand-to-hand combat on Black Friday? I’m a huge fan of shopping online to save time, money and brain cells. But if you have bad surfing hygiene, you’re just asking identity thieves to go on a shopping spree with your money. And it’s so easy to avoid if you know how. Which you’re about to.
Thanks for joining me here on Sileo on Security, where we believe there’s no need to fear online shopping if you surf wisely. I want to share nine habits with you over the next three episodes that will keep your digital shopping cart safer than the real thing.
Whether data breach or insider leak, Panama Papers Cyber Security lessons still the same.
By now, you’ve heard about the leaked papers from a Panamanian law firm implicating world leaders, sports figures and celebrities alike in a scheme to shelter massive wealth in off-shore corporations (if not, see the NYTimes summary below for relevant links). At this point it is still unclear whether the 11.5 million records were obtained through hacking or leaked from someone inside of the Panamanian law firm.
But from a cyber security perspective, the lessons are nearly identical either way. At issue here is the massive centralization of data that makes either breach or leakage not only inevitable, but rather convenient. World leaders and executives alike must have a sense of deja vu from the leakage of the NSA documents by Edward Snowden several years ago. From a security perspective, it is baffling in both cases that one individual would have access to such a trove of data. This suggests that the records were not properly segmented, encrypted or subjected to user-level access permissions.
If I could give the world a gift this holiday season, it would be to make the world a safer place to trust. You deserve to know whether or not you can trust the politicians you elect, the advice you receive from your doctor and whether or not you can entrust your privacy to the websites and businesses you use every day.
Identity theft, cyber stalking, and “big data” surveillance—these byproducts of the information economy make it hard to rest easy. Every day in the news we hear about another scam, another breach of corporate data that victimizes more than 11 million Americans a year. But you don’t have to be a statistic!
Want more tips on how to protect yourself, your family and your wealth during the holiday season? Take a few minutes to read 12 Days to a Safe Christmas.
Product Review: Are identity theft monitoring services worth it?
Yes, identity theft services can be well worth the investment, especially if you ever become a victim. Imagine that your Social Security number is part of a national breach like Anthem or the Office of Personnel Management. Or it’s stolen out of your tax preparer’s office, scavenged from your trash or skimmed from your iPad as you surf on a free Wi-Fi connection. In most cases, you have no idea that your digital identity has fallen into unethical hands, usually those of organized crime, who replicate and resell it in seconds.