Chapter 8, Problem 15CSQ

Explanation of Solution

Impact of the Equifax hack:

• Hackers gain access to more than a hundred million customer’s personal information
• The data stolen include names, social security number, date of birth, and address.
• The above four details are usually required for applying to credit cards and personal loans at banks.
• Fraudsters can use this critical information to apply for credit on the other’s behalf and this will create a nightmare scenario as termed by John Ulzheimer...