Asked by Kayla Renay on May 25, 2024
Verified
The 2017 Equifax data breach was more damaging to lenders than to consumers.
Equifax Data Breach
An incident in 2017 where personal information of approximately 147 million people was exposed due to a vulnerability in Equifax's system.
- Recognize the effects and preventative actions for major data security breaches.
Verified Answer
EG
Exploring GoProMay 31, 2024
Final Answer :
False
Explanation :
The 2017 Equifax data breach was more damaging to consumers because it exposed sensitive personal information of approximately 147 million people, potentially leading to identity theft and fraud. Lenders, while affected, primarily faced reputational damage and the cost of improving security measures.
Learning Objectives
- Recognize the effects and preventative actions for major data security breaches.
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