Hackers Leave Customers Everywhere At Risk
Before most systems are hacked, a personal or corporate identity is compromised – online or offline. An initial compromise may be a very sophisticated, software-driven breach of a website’s infrastructure; such as the recent data breach reported last month at JP Morgan, where it’s reported that Russian-based hackers took advantage of a technical flaw in pubic-facing websites. The hackers were able to penetrate deep within this system, harvesting all kinds of sensitive customer information and credentials – to be sold and used to access many other systems by hackers who might not have as sophisticated tools and expertise available to them.
These “mainstream” hackers, all over the world, can now easily buy or acquire digital identification credentials that will allow access to most online systems – that aren’t protected by enterprise-grade, multi-layer identity proofing or authentication solutions. A single, well-funded and sophisticated breach of a large repository of consumer data, for example the 60 million Home Depot records reported compromised this month, yields an unimaginable number of follow-on opportunities to use this data to easily compromise other systems – from public retail to private corporations and government agencies.
Smart hackers generally avoid spending time, resources and excessive risk on penetrating well protected IT systems, websites or databases. A few hundred current, legitimate customer identity records – complete with name, date of birth, ID and password – are good enough to easily access all kinds of online systems now at risk, generating thousands in fraudulent returns. This therefore dramatically increases the universe of the hacker population, to now include unsophisticated, common fraudsters, as partners in crime.
The fraudster community may have these records now, but can’t use them with systems employing advanced, secure identity fraud protection solutions and technologies – fraud mitigation capabilities that are protecting companies and agencies against the increasingly prevalent and common risk of identity theft. The unmatched data assets and innovation available from Equifax and used by hundreds of organizations around the world, for example, can help protect you and your customers from fraud.
Read more about Equifax digital identity fraud prevention and mitigation products and solutions, to protect your business or agency against the growing and repeating large-scale consumer data breaches occurring every month.
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