Due to the TransUnion data breach, the company has sent notices to consumers alerting them to exposed personal and financial information.
TransUnion recently notified its customers of a recent data breach that affected many of its customers’ personal and financial information.
Earlier this week, TransUnion reported a security incident involving its consumer credit reporting database. It isn’t clear how many consumers may be impacted by the incident.
According to JDSUpra, TransUnion says the breach involved names, social security numbers, financial account numbers, and complete driver’s licenses.
TransUnion has issued letters to all affected parties informing them of their rights and obligations under the law. TransUnion is one the world’s largest consumers financial services companies, collating information from over a billion users worldwide and 200 million files in America alone.
What The TransUnion Data Breach Reveals
The TransUnion data breach has revealed more detail about the recent data security incident that affected the personal information of millions on one of its databases in South Africa.
Earlier this year, at least three million people may be affected by the credit reporting agency’s data breach, which includes South Africans and foreigners who transact in the country.
An additional 6 million ID numbers were found to be unprotected by any personal identifying info.
Researchers are continuing to investigate whether these ID numbers can link to other personal info to identify any additional affected consumers.
The company has also found out that some of the customer information that may be at risk includes:
Dates of birth
Marital status and information
Employer identities and duration of employment
Contract numbers and VINs for vehicles
Moreover, in “isolated circumstances”, spouse info, passports, and financial records may be affected.
“Every individual has multiple personal identifiers,” TransUnion explained. “This includes things like name, address, date of birth, social security number, driver license numbers, etc.”
TransUnion believes that complying with the criminal third party’s demands would only give criminals incentives to keep doing their thing.
The entities consulting believe that the company should not pay for the TransUnion data breach files because there is a high likelihood that cybercriminals and others could leak the stolen information.