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08
Sep
2017

Equifax Hack Hits 143 Million Consumers

by Bill

It is now being widely reported that the credit reporting agency Equifax has been breeched and hackers may have obtained personal information, including the credit card and social security numbers, of as many as 143 Million consumers in what may be the largest financial security breach of all time.

“This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do,” said Chief Executive Officer Richard Smith of Equifax in the official statement by the company about the incident. “I apologize to consumers and our business customers for the concern and frustration this causes.”

In fairness, it is important to point out that even the best security systems in the world remain potential targets of hackers who tirelessly attempt to overcome the many barriers against entry. In what has become a constant game of cat and mouse, hosting companies and cybersecurity analysts continually develop new layers of protection while nefarious groups seek to worm their way in – and even if the good guys win 99.99999% of the time, even a single breach among thousands of attempts is deemed unacceptable by the media and the public.

Lost in much of the reporting is the widespread impact these kinds of events often have on digital commerce. They sometimes have an unfortunately chilling effect on consumer confidence, and on the merchant side they can create a devastating effect as cards are often reissued and rebills which would have continued abruptly come to a halt.

National Net will continue our work creating and implemented leading edge strategies to secure every bit and byte of data that passes through our servers, and we are always available to provide additional service and support if any incident does occur. Hopefully things like the quantum entanglement transmissions we reported on a few weeks ago will eventually create a truly impervious data network for everyone, and until then the best we can all do is to provide eternal vigilance as we work to preempt every attempt.

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