No Evidence Hacked Equifax Data Used for Identify Theft, Says CEO

The video discusses the impact of state-sponsored cyber warfare, particularly from China, on companies like Equifax. It highlights the challenges of defending against such attacks and the significant investment Equifax has made in security and technology to protect sensitive data. The video also addresses concerns about the use of hacked data, the importance of collaboration in cyber defense, and the efforts to restore customer trust and company growth after the breach.

What was a significant factor that raised the stakes for Equifax in the 2017 cyber event?

• The breach of internal emails

• The loss of company profits

• The theft of credit card numbers

• The involvement of a foreign government's military arm

What bold move did Equifax make in response to the cyber event?

• They stopped collecting sensitive data

• They outsourced their security operations

• They invested $1.25 billion in security and technology

• They reduced their workforce

What is the presumed reason for China taking data from Equifax and other companies?

• To sell it on the black market

• To build databases for spying purposes

• To use it for marketing campaigns

• To delete it permanently

What measure has Equifax taken to help consumers monitor their credit files?

• Offering free consumer monitoring for 10 years

• Providing free credit cards

• Giving discounts on loans

• Offering free identity theft insurance

What was a major challenge for Equifax after the cyber event?

• Expanding to new markets

• Hiring new employees

• Developing new products

• Restoring customer trust

Which countries are considered major risks in state-sponsored cyber warfare?

• Canada, Australia, New Zealand, Japan

• Germany, France, Italy, Spain

• Brazil, India, South Africa, Mexico

• China, Russia, North Korea, Iran

What is Equifax's goal in terms of security after the breach?

• To have industry-leading security

• To have average security

• To reduce security costs

• To outsource security