Equifax Dead: Hacked So Credit Reports Worthless
By Duane Thresher, Ph.D.
April 5, 2018
Last year Equifax allowed the worst data breach in history and
the legal fallout continues. Everyone assumes that the worst
result of the Equifax hacking was that hundreds of millions of
people, including those at sensitive government agencies, like
national security agencies, had their most personal financial
information given to hackers. That is indeed horrendous but
that may not be the worst of it. No one has considered that
with Equifax hacked its credit reports are worthless, even
illegal, since the Equifax hacking may have been to change
credit reports, not just steal data.
Everyone knows how important credit reports are. They are
essentially used to determine where you can work and live.
Even before the hacking, Equifax had major problems making
sure the data it gathered was correct, and had been
successfully sued numerous times for getting it wrong and
harming people. Trying to discover what data for hundreds of
millions of people has been changed by hackers is well beyond
the capabilities of Equifax IT.
During the hacking, Equifax had fake IT experts as its Chief
Information Officer (CIO) and Chief Information Security
Officer (CISO). David
, now comfortably retired, was the CIO. He has a BA
in Russian (which the hackers may have been) and a Master of
Business Administration (MBA) but no IT education. Susan
, now comfortably retired, was the CISO. She has a
BA and a Master of Fine Arts (MFA) in Music Composition from
the University of Georgia, which is conveniently located near
Equifax headquarters in Atlanta Georgia, but no IT
And the Equifax hacking may be continuing. The holy grail of
hacking is installing a "root kit" to allow for continued
secret access, which changes the operating system so that you
can't even look for it, even if you know there has been a
hacking. Finding a root kit is even further beyond Equifax
In criminal law, where Equifax credit reports are also used,
there is what is called a secure chain of custody. If at any
time from crime to court, the evidence has been out of the
law's hands so that it could have been tampered with, the
evidence is tainted and can no longer be used. It is exactly
the same now for Equifax credit reports; all are tainted and
A big part of background checks, by the FBI for government IT
jobs for example, are credit checks, since someone who is in
debt is more easily bribed. Equifax was hacked, possibly by
the Russians, which not only gave them access to the financial
records of many government employees, but more importantly
also allowed them to alter credit checks, to for example get
one of their agents a government job by making sure he passes
a background check.
If anyone is denied a loan, housing, or a job and an Equifax
credit report was viewed for it, Equifax can be easily sued,
as can those doing the denying.
Equifax is dead; suicide by fake IT.