This article discusses new developments in a story on the 2017 data breach of Equifax. Equifax, a consumer credit score reporting company, announced on Thursday that 2.4 million more customers than initially estimated had their information compromised in the 2017 hacking. This phenomenon of corporate hacking is extremely worrisome, especially when you consider the scope of the Equifax hack. With the revised totals of effected consumers, 147.9 million individuals had their personal information compromised, a total that amounts to fifty percent of the population of the United States. The compromised data consisted mostly of partial drivers license information, however this type of personal information can be used by hackers for malicious purposes.
This corporate hacking presents numerous difficulties for the government regarding regulation. There have been investigations into the massive data breach conducted by congress and now numerous powerful senators including Elizabeth Warren are trying to hold Equifax and more broadly, the credit report industry accountable for their mishandling of consumer data. In this digital age the government is being forced to define what their role is in protecting consumer’s data from the dangers presented by the complex and ever-changing landscape. Looking to the future it will interesting to see how the government and congress, in particular, react to failures on the part of big businesses to protect their consumers data. At the end of the day it becomes a question of regulating corporations, which is a highly politicized issue. Hopefully, our deadlocked congress and provide adequate consumer protections for this digital age without a massive political battle.