MANAGEMENT INFORMATION SYSTEMS: MANAGING
MANAGEMENT INFORMATION SYSTEMS: MANAGING
16th Edition
ISBN: 9780135790939
Author: LAUDON
Publisher: PEARSON
Expert Solution & Answer
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Chapter 8, Problem 15CSQ

Explanation of Solution

Impact of the Equifax hack:

  • Hackers gain access to more than a hundred million customer’s personal information
  • The data stolen include names, social security number, date of birth, and address.
  • The above four details are usually required for applying to credit cards and personal loans at banks.
  • Fraudsters can use this critical information to apply for credit on the other’s behalf and this will create a nightmare scenario as termed by John Ulzheimer...

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