International credit bureau TransUnion confirmed this morning that it has been the victim of a hack by a 'criminal third party' and will not be paying the extortion demand that was received.
N4aughtysecTU, allegedly based in Brazil, has claimed responsibility, alleging that it has accessed the personal information of 54 million consumers, amounting to roughly 4 terabytes of data. TransUnion says the hacking group obtained access via
The global consumer credit bureau says it will be offering “impacted consumers” an annual subscription to its identity protection product, TrueIdentity, free of charge, at a cost to it of R499 per person. If all 54 million hacked accounts receive this protection, the cost will be a staggering R27-billion for the company. Weirdly, the alleged extortion demand has been reported in various media at between R223-million and R225-million.
Our team is working closely with external experts to gain an understanding of what data was affected. “The security and protection of the information we hold is TransUnion’s top priority,” said Lee Naik, CEO of TransUnion South Africa. “We understand that situations like this can be unsettling and TransUnion South Africa remains committed to assisting anyone whose information may have been affected.
Van Tonder says intrasector collaboration in the fight against cybercrime is critical. “Asisa is therefore working closely with the Mewalall adds that the compromise of personal information does not guarantee access to a customer’s banking profile or account, but that criminals can use this information to impersonate people or trick them into disclosing their confidential banking details.
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