Recent Hack Raised Doubts about Credit Database SecurityAdded: Monday, October 12th, 2015
Category: About Torrents > Staying Safe And Secure
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2015
Consumer privacy groups urge the FTC to investigate the data breach at Experian (credit agency and data broker), pointing out that compromising other parts of the company’s data “would be a disaster”.
25 different data security and consumer advocacy groups sent a letter to the FTC, where they questioned Experian’s assertion that its consumer credit database was safe from hackers. The agency announced that only its subsidiary, Decisioning Solutions, was affected. In the meantime, at least 5 different groups of litigants are seeking class-action status against Experian and against T-Mobile. All of them are calling for the regulatory agencies to fully investigate this hack, including whether other Experian databases have been breached. Experian is known as one of the three nationwide consumer reporting agencies and holds data on more than 200 million consumers. At such a scale, you should understand that a data security breach that affected Experian’s credit report files would really be a disaster.
It is all about a “lax” approach to security implementation at the credit agency, and particularly at companies Experian acquires. While the company spends liberally on security, it does less so on implementation. The problem is that Experian had a mandate to grow by acquiring other businesses with proprietary data sets, but securing that data at Experian after an acquisition was not implemented in full.
It should be noted that Experian has been breached before, also at a recently acquired subsidiary. As a result, the agency is already battling a class-action suit alleging misconduct. At the time, the data wasn’t stolen but rather sold by Experian subsidiary to a 25-year-old Vietnamese man posing as a Singaporean private detective, who in fact was selling data on to identity thieves.
Now the task is to find out what Experian does to safeguard its consumers’ credit data and how it differs from the company’s credit report databases. As you may know, only data about T-Mobile users was affected in the most recent case. The consumer privacy groups are now wondering why weren’t the security measures used for the T-Mobile server.
In response, Experian announced that it was ready to respond promptly to requests from regulatory agencies for more details about the incident.
Monday, October 12th, 2015
|Everyone has been hacked. One group complaining about another group for being hacked is a bit much.||
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