Wednesday, March 12, 2014

Experian ID Theft Exposed 200M Consumer Records

From Information Week, Dark Reading and Brian Krebs:

Experian ID Theft Exposed 200M Consumer Records

This data breach is very serious.  Not only have 200 million people, approximately 2/3rd's of the US population, had enough PII stolen to commit bank fraud and/or identity theft but this is one of the three major US credit bureaus.  An incident like this speaks volumes about the companies lack of security controls when it comes to screening customers and monitoring for suspicious activity.

More troubling is why did the public have to learn about this from "information was revealed in a March 3 federal court hearing..."  Why didn't Experian disclose this breach on its own?  Inquiring minds want to know.

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