After Equifax settlement, another data breach potentially exposes the personal information of 106 million
Dozens of articles appeared last week, directing users to a new site set up by the credit bureau Equifax. On it, individuals could enter info to see if they were affected by a breach that hit 143 million U.S. consumers in 2017. If affected, individuals could claim $125 or 10 years of credit monitoring.
Though the hack of private info and data is perhaps the most memorable in recent years, these leaks are becoming more common as more and more private information is stored online. Some 178 million U.S. records were hacked or leaked during 2018 alone. On Monday, Capital One announced it had identified a hacker who stole the data of 106 million credit card applicants, marking another significant data breach.
Beyond leaks, consumers are becoming increasingly concerned over privacy violations through apps and connected devices. Reports regarding the storage of conversations with devices like Amazon’s Alexa, or Apple’s Siri, have raised alarm.
In 2014, a Pew Research Center poll found that 91% of Americans believe we have “lost control” over the collection of our personal information. Facebook’s $5 billion settlement with the FTC earlier this year came in response to the Cambridge Analytica scandal, with over 87 million users hit by unauthorized data collection.
Privacy advocates argue for educating consumers, more explicit warnings, as well as adopting more stringent privacy regulations, such as the European GDPR standard. Alternatively, corporations argue the data collected provides for an enhanced consumer experience, while opt-ins and terms provide transparent disclosures.