Moving From Static Identity To Digital Identity
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A Fortune 500 executive, blending early-stage action with public company knowledge and a key pioneer in the building of digital identities.
The most recent Equifax data breach exposed the confidential and private information of some 143 million U.S. consumers to hackers and other nefarious users. This information includes consumer’s names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license and credit card numbers.
Essentially, this means that practically every adult consumer in the United States had their information stolen. While identity theft monitoring and insurance services can help to identify when your identity is being abused, this doesn’t solve the actual problem. The information taken was more than enough for identity theft (someone to impersonate you), to create synthetic identities (fake identities made using pieces of your real information) and to enable account takeovers (where fraudsters have your credentials and take over your online accounts). Given the breadth of the breach and the attack vectors, a credit freeze offered by credit bureaus will not fully protect anyone whose (more…)