The information exposed by databreaches, even if it happened a year ago is still out there. Thismeans that everyone is forever vulnerable.
These days, the risk and potential compromise of ourpersonal information seems to be growing exponentially. Scammers,hackers, cybercriminals and identity thieves are constantly findingnew ways to commit fraud.
Cybercrime is also the number one threat tocompanies around the world. Perhaps no incident is more notoriousthan the Equifax data breach of September 2017 whichaffected nearly 148 million people. Looking back one yearand thousands of data breaches later, let's examine how businessexposure has changed.
Financial & legal implications
The Equifax data breach shined a light on the magnitude in whichpersonal information can be compromised throughjust one security incident. Granted, Equifax's compromise is morealigned with a mega breach, as approximately half of the U.S. adultpopulation had their Social Security numbers, addresses, phonenumbers, driver's license numbers, email addresses, credit cardnumbers, and tax information stolen. Any combination of just two ofthese identifiers can be used to commit fraud, including syntheticidentity theft, along with other criminal activities.
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