hackers are ruining the online world as politician destroy the real world.
they should be stopped

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just seeing this for the first time

I guess we are all EQUI-F&CKED !!

Hakers is very creative poeple....

Equifax most likely purchased a lot of that info without anyone's consent.  Let them burn.

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Ethical hackers should be better, as long as companies think they are safe, and wont spent money for security.. it will be an expensive lesson at the end!

This is very interesting and I had not heard about it yet. If those numbers they are estimating are correct it could affect over half of all Americans! That truly is startling. I think that, in hindsight, they definitely should have just paid the ransom if they could keep it out of the news all together. If the news that they paid a ransom like that were to get out though, the number of people trying to exploit them would be huge. 

This is done on *A LOT* of darknet markets as well. Bug hunters will search for valnerabilities and when they find 1, they provide proof and are paid based on the magnitude of the find. This is a bit different as its a ransom but nonetheless, sometimes it's worth the money on the off chance the info is true, even if the reasoning is solely to protect the stock price of the company from the reaction to FUD. Great, thought provoking piece as always!

Hackers are breaking the systems for profit. Before, it was about intellectual curiosity and pursuit of knowledge and thrill, and now hacking is big business.

sir, you share very interesting and fearing news. you always share valuable posts and about your question. my opinion is that they should fullfill demands  of hackers at that time. and after sometime they should take actio for this  blackmailing. i always waited and  supported your post. thnxcx

The fact that so many executives sold shares before the hack was revealed is incredibly fishy. They obviously knew, and should be punished for insider trading.

Correction: Equifax executives sold  roughly $2 million, not $18 million. Great article btw.

Whoa ! Whoa!
it was yahoo and now it is equifax.
tomorrow it will be ...
Sad news.

This hack is a very, very good example of why KYC/AML rules are a bad idea. When you have these centralized storehouses of sensitive personal info on millions of people, it's only a matter of time before a skilled attacker gains access. 

Decentralized exchanges and free access for everyone - absent selfies that require customers to hold up their passports next to their faces, colonoscopy reports and credit checks - is the only way to go.

The information contained in that data breach is worth substantially more than 2.5 million to many different groups lurking in the underbelly of the internet (and in real life). There is no guarantee that these hackers haven't already made arrangements to sell the data anyways after collecting the for sure 2.5 million in bitcoins. Just a sad, sad situation. 

The American citizen again gets punished because companies didn't go the extra mile to secure all security flaws. It was really only a matter of time for this to happen given how much data companies collect and the type of data this company, Equifax, collected. Hot target. 

The internet and complicated digital security is still in its infancy. One can only hope that the future has a much better outlook and not too many people get devastatingly harmed from this.

If I were the hackers, I think I would prefer payment in something like Zcash...

I was shocked when the price was only 2.5 million. Also, Equifax not paying the amount, and executives cashing out 18 million sounds fishy.

It would seem Equifax has estimated $400 million of cash (at least as of June 30) to pay this ransom.

https://www.sec.gov/Archives/edgar/data/33185/000003318517000023/efx10q20170630.htm (page 7)

I think they should bite the bullet and pay, then hire the hackers as consultants to help the company solidify their IT so this doesn't happen again.

People will always be the weakest link in security. You can patch the vast majority of the flaws and vulnerabilities, but at the end of the day, you still have a vulnerable human at many different points of the organization's processes.

I'm sure I'll get screwed right before trying to close on a new home in AZ.  I know the bubble is going to burst in real estate, but....
Is there a lawyer out there that thinks there could be legal ramifications for Equifax?  Wells Fargoish?

But what guarantees does Equifax have that the people posting on the darkweb site are actually the hackers? Or that they'll actually delete the data?


Even Somali pirate have a reputation to uphold that when people do pay ransom they will be released. The folks posting on this darkweb site don't have any whatsoever. 

I'd like to see Equifax pay just in the off chance that it's real and we can all sleep easier. Not my money. But I doubt they will. Not sure I would.

Great Post brother

Informative and great post..its also lovely post ..i like it keep it up bro
Thanks for share

Don't executives have to notify of sales of stock?  Why wasn't anyone watching that?  Large selloffs by multiple execs usually gets noticed.

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Good Article @jrcornel - I'll repost in my other blogs (linking back to you)
Nice job !!

[With Scumbags Like This,.....](http://www.zerohedge.com/news/2017-09-08/scumbags-its-easy-understand-why-bitcoin-4400)

Block chain technology can help play a role in cyber security... steemit and others stand to benefit as early adopters!

excellent work dear friend @jrcornel, very good information, which really surprises me the naturalness of the hakers, "we are only two, we want 2.5 million for our family, when honest people will never have so much money.
Thank you for sharing this post.
I wish you an excellent weekend

This is Fight Club :D

Extremely intriguing, I had not found out about it yet. In the event that those numbers they are assessing are right it could influence over portion of all Americans! That genuinely is startling. I feel that, looking back, they unquestionably ought to have quite recently paid the payment on the off chance that they could keep it out of the news all together. On the off chance that the news that they paid a payoff like that were to get out however, the quantity of individuals endeavoring to abuse them would be enormous.

The way that such a large number of administrators sold offers previously the hack was uncovered is staggeringly fishy. They clearly knew, and ought to be rebuffed for insider exchanging.

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