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.

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About Article Author

GoldCore

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.

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