Equifax has said its breach exposed sensitive information about 143 million consumers, including Social Security and driver’s license numbers. “All of the components that would allow someone to create a new identity” were exposed in the Equifax hack. Equifax has said it did its best to respond to the breach and alerted consumers as quickly as it could. These financial institutions share information with Equifax that is then used to compile credit reports on millions of consumers. Judging consumers’ “credit worthiness is an important thing, a core function of financial institutions,” said Brian Gudmundson, a partner at Zimmerman Reed in Minneapolis.

Source: Washington Post September 22, 2017 17:43 UTC