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The Equifax Data Breach_ Causes, Impact, and Lessons Learned

This presentation, delivered by LDM Global, explores one of the most significant cyber security breaches in history u2014 the 2017 Equifax data breach. It outlines how hackers exploited an unpatched vulnerability in Apache Struts, exposing sensitive personal data of 147 million individuals. The breach went undetected for over two months and resulted in severe financial, legal, and reputational damage, costing Equifax more than $700 million.

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The Equifax Data Breach_ Causes, Impact, and Lessons Learned

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  1. The Equifax Data Breach: Causes, Impact, and Lessons Learned Presented by LDM Global

  2. What Happened – A Breach Overview • In 2017, Equifax experienced one of the largest cyber security breaches in history. • Hackers exploited a known vulnerability in the Apache Struts web application framework. • Personal data of 147 million Americans was exposed, including Social Security numbers, birth dates, and addresses. • The breach went undetected for 76 days.

  3. Impact of the Breach • This cyber security breach cost Equifax over $700 million in settlements and penalties. • Public trust plummeted, and executives faced intense scrutiny. • Government and private sectors re-evaluated their breach response protocols. • Sparked a global conversation on the importance of timely software patching and cyber security breach prevention.

  4. Lessons Learned & LDM Global Insight Cyber security breaches are preventable with the right measures in place. Key Lessons: • Patch vulnerabilities immediately • Implement strong breach detection systems • Practice incident response drills LDM Global recommends robust risk assessments and compliance-driven strategies to mitigate such cyber security breaches.

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