trending Market Intelligence /marketintelligence/en/news-insights/trending/96jnojwrosf8wmr6osx2aw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

House report finds Equifax cyberattack 'entirely preventable'

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


House report finds Equifax cyberattack 'entirely preventable'

The U.S. House of Representatives Committee on Oversight and Government Reform said Equifax Inc.'s data breach was "entirely preventable," adding that the credit agency failed to implement an adequate security program to protect its sensitive data.

The breach was estimated to impact 146.6 million U.S. customers.

Specifically, the credit agency failed to fully patch a vulnerability in Apache Struts, a software within Equifax's Automated Consumer Interview System, according to the Committee's staff report. Homeland Security on March 8, 2017, alerted Equifax on said vulnerability, which had been publicly disclosed the day before.

On May 13, 2017, attackers began their 76-day cyberattack on Equifax. They were able to access 48 unrelated databases, locate personally identifiable information data and transfer data out of Equifax.

Equifax noticed suspicious web traffic after updating the expired security certificate July 29, 2017. The following day, it identified several code vulnerabilities and noticed suspicious traffic from a German internet service provider-owned IP address that was leased to a Chinese provider. The cyberattack concluded when Equifax took its Automated Consumer Interview System offline.

The report also noted that there are gaps in Equifax's IT policy development and operation, and its "aggressive growth strategy and accumulation of data" resulted in a complex IT environment.