Tip of the Month: What You Should Know About the Equifax Breach*

There are many, many lessons being learned from the recent Equifax breach – reputational, legal and technological.  Much has been written and much will be written about the effects of this massive exposure of personal information that, once exposed, could lead to identify theft, tax fraud and more. Let’s break it down. Following is an annotated guide.

Who is Equifax?

Did my data get exposed?

What should Equifax have done (versus what they have done)?

How did this happen?

What should I do?

What does this mean for lawyers?

What happens to Equifax?

Why do we persist in using DL numbers and social security numbers as unique identifiers?

*Thanks to Dan Cotter for his review and help with this Tip!