Equifax Data Breach The Cost of Delayed Patching-New


Infosectrain02

Uploaded on Jul 19, 2024

Category Education

In 2017, Equifax was rocked by a hashtag#cyberattack that exposed the personal data of millions. How did a failure to patch a known vulnerability in Apache Struts lead to such catastrophic consequences? Attackers exploited this gap for months, compromising 147 million consumers' information and triggering widespread identity theft and financial fraud. The fallout? Billions in settlements and a tarnished reputation.

Category Education

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Equifax Data Breach The Cost of Delayed Patching-New

Equifax Data Breach The Cost of Delayed Patching www.infosectrain.co m Introductio In 2017,n Equifax, one of the largest credit reporting agencies, fell victim to a devastating cyberattack that compromised the personal information of millions of consumers. www.infosectrain.co m Backgroun The breacdh occurred due to a failure to patch a known vulnerability in Apache Struts promptly. Attackers exploited this vulnerability to gain access to sensitive data over a period of several months. www.infosectrain.co m Consequenc Approxeims ately 147 million consumers had their personal information exposed, leading to widespread identity theft and financial fraud. Equifax faced significant legal and financial repercussions, including settlements amounting to billions of dollars. www.infosectrain.co m Lessons This brLeeaachrn uendderscored the critical importance of timely patching and vulnerability management practices. Organizations must prioritize regular updates and patches to protect against known vulnerabilities. www.infosectrain.co m Takeaways Implement automated patch management systems, conduct regular vulnerability assessments, and establish a robust incident response plan to mitigate the impact of breaches. Conclusion The Equifax breach serves as a stark reminder of the consequences of overlooking basic cybersecurity hygiene, emphasizing the need for proactive measures to safeguard sensitive data. FOUND THIS USEFUL? To Get More Insights Through Our FREE Courses | Workshops | eBooks | Checklists | Mock Tests LIKE SHARE FOLLOW