Equifax Hack May Expose Data of 143 Million Users

The video discusses the massive data breaches affecting millions, focusing on the Equifax hack, which exposed sensitive financial information. Despite Equifax's financial success, it failed to prevent breaches due to simple security vulnerabilities. The video emphasizes the need for robust security systems to protect critical data.

How does the Equifax breach compare to the Yahoo breaches in terms of the type of information compromised?

• Both involved emails

• Equifax involved emails, Yahoo involved financial data

• Both involved financial data

• Equifax involved sensitive financial data, Yahoo involved emails

What is a notable financial achievement of Equifax mentioned in the transcript?

• They have never experienced a data breach

• They make $0.37 on the dollar at the operating income

• They have a 50% dividend growth

• They have a 10% dividend growth

What is a major reason given for Equifax's inability to prevent breaches?

• Lack of financial resources

• Complexity of cybersecurity threats

• Insufficient data collection

• A simple web application vulnerability

What should Equifax have done to better protect their data?

• Stopped collecting financial data

• Implemented layered security systems

• Increased their dividend growth

• Used more complex passwords

What is the main issue with the way Equifax's data was accessed?

• It was accessed due to a power outage

• It was accessed by an insider

• It was accessed through a simple unlocked door

• It was accessed through a highly sophisticated attack