Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today

Sep 13 11:09 2017 Print This Article

44% of US population affected by Equifax hack

Hackers took names, birthdays and addresses, Social Security and driver’s license numbers

Steve Mnuchin “concerned about the global financial system and keeping it safe,”

Hacks is a reminder of the vulnerabilities created in a connected world

Cyber security is a major threat to both banking and financial industry

Investors should hold physical gold as insurance against hacking and cyber attacks

Last week 143 million people woke up to the news that a data breach at Equifax has left them wide open to financial and identity fraud.

Readers will have no doubt read about the hacking of credit bureau Equifax. Not only were they slow to deal with the issue but three senior executives (including the CFO) sold almost $2 million worth of stock prior to alerting customers to the security breach.

Read More

About Article Author


GoldCore is one of the leading gold brokers in the world, serving clients in the U.S. and over 45 countries internationally. Has over 4,200 clients, with over $110 million in assets under management and storage. They are respected international bullion dealers who are experts in the execution and logistics of the highly specialised precious metals market. Their blog focuses on market updates within the metals market.

Related Items

To and Fro , here we go

To and Fro, here we go Firming US yields overnight contributed to a stronger USD outperformance with the DXY breaching the 94 resistance level. While economic data drivers were few and far between dealer’s were left to chew on remarks by European Central Bank Mario Draghi, German Politics and of ...

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape - John Rubino

November 20, 2017 Sound money advocates who love the concept of cryptocurrencies but don’t want to abandon precious metals have been trying to clarify their thoughts of late. Risk Hedge just helped, with a comprehensive statement of the pro-gold position. The following is an excerpt. Read the ...

Inflation and Counterfeit Credit - Keith Weiner

November 20, 2017 Let’s take a look at an often-repeated idea that is popular in the gold and alternative investing communities. The government possesses a printing press. Therefore, it will never default. It will just inflate its way out of the debt. It will devalue the dollar. The government do ...

Private Equity's New Competition?

PE Hub posted a Reuters article, Private equity to face competition from investors, says Carlyle Co-CEO:Private equity firms are awash in cash, with nearly US$1trn of available capital, but the industry is facing internal competition as limited partner (LP) investors seek to play a more active role ...