ipl-logo

Equifax Informative Speech

629 Words3 Pages

In the magical land of adulthood, there is this thing called credit that grants you mystical powers. These powers let you get good interest rates for cars, houses, and high credit card limits. This credit is effectively what makes the adult world work. Without it you are utterly screwed, and with it you are somewhat screwed if it is not decent.
I know we are talking about credit, but this is not a class on finance, and I am most defiantly not a life coach. I’m talking about credit because today I want to talk about the recent Equifax hack. If you haven’t heard about the Equifax hack, I promptly ask you to return to the US from whatever planet you’re currently living on.
Wikipedia cites Equifax as a consumer credit reporting agency that collects …show more content…

I have no issue with making use of free software and programs that are available to minimize cost, but every decision comes with positive and negative consequences. The negative consequence for Equifax is the fact that open source means that anyone can look at and view the source code without the proper encryption or patch. Without the most recent patch from Apache installed on it’s server, Equifax found itself at the hands of a hacker group that not only exploited Equifax but millions of consumers. These hackers could freely view the code of Apache Struts and exploited the bugs that were written into the code. The did so by uploading files to trigger these bugs that sent malicious code or commands to the server1. With this information, they accessed Equifax’s massive collection of user data, and did what any hacker or hacker group would do. Personally, I’m not quite sure what’s more alarming: my social security information being affected or the fact that 66% of Fortune 100 companies use the same Apache Struts that was hacked. The companies include: the IRS, Citigroup(a major banking group), Virgin Atlantic, Office Depot, and

Show More
Related

  • Summary Of Getting Carded By David Migoya

    191 Words  | 1 Pages

    What happens when your son or daughter is a college freshman? “Getting Carded” by David Migoya tells the readers what exactly happens when your children come to college. “More than fifty-eight percent of college students said they saw credit-card marketers on campus for two or more days at the beginning of the semester, and eighty-seven percent of all students say they have a card, according to the U.S. Public Interest Research Group.” Credit cards are not a bad thing, but if used carelessly it can ruin your children’s future. “The worst problems come from overspending or maxing out credit limits—which typically are kept low to start—but from the fees associated with late payments or interest rates.”

    Read More

  • FICO 531 Week 5 Assignment

    1050 Words  | 5 Pages

    *** The good news is this: There is one simple weapon we have that they credit sharks cannot take away from us... And that is KNOWLEDGE. Yep... A little bit of knowledge about how the credit industry works can put an INSTANT stop to all this.

    Read More

  • Black Tuesday: Rollercoaster Of Events Of The 1920's

    1468 Words  | 6 Pages

    Buying products on credit soon became a norm throughout society, leading to massive amounts of debt. “Many merchants offered installment payment plans, enabling the average American to purchase goods, including cars, on credit. Thus, Americans could purchase the new appliances and conveniences

    Read More

  • Summary Of Maxed Out Debt

    443 Words  | 2 Pages

    James D. Scurlock produced a film, Maxed Out Debt,in 2006. It is a documentary. In this film Scurlock analyzes the monstrous training that credit card companies utilize to obtain enormous earnings diminishing customers financial lives. There are multiple interviews, giving insight on different situations, how consumer-lending companies can be negative in other people's lives. Maxed Out Debt’s displays how the modern financial industry really works.

    Read More

  • Cecily Strong Informative Speech

    1150 Words  | 5 Pages

    Cecily Strong is a comedian of the famous and popular show Saturday Night Live on NBC. She often works with her coworkers to made fun of what happening in the world. As a comedian, many of her jokes fall into the category of dry sarcasm. So, it is important to take that into consideration when watching the speeches she gives.

    Read More

  • What Is The Credit Card Companies Role In Causing Student Debt By Carlos Macias

    948 Words  | 4 Pages

    The Credit Card Industry?s Role in Causing Student Debt, author, Carlos Macias, warns his audience that credit card companies will try anything and everything to get students to own a credit card from their company. Macias states that college students have a huge target on their back when it comes to credit

    Read More

  • NCCU Informative Speech

    865 Words  | 4 Pages

    The speech was a very informative speech, addressing students with various facts and praises of the foundation of North Carolina Central University. NCCU is in fact praiseworthy. In 1910, James E. Shepard founded NCCU under the unique name, “National Religious Training School and Chautauqua for the Colored Race”. James E. Shepard was a pharmacist and religious educator, whom graduated from Shaw University, and later on in 1895, he married his wife Annie D. Shepard. Mrs. Shepard was the one who wrote the lyrics to North Carolina Central University 's Alma Mater, “Dear Old N.C.C”.

    Read More

  • Elizabeth Warren's Essay The Debt Debate

    1005 Words  | 5 Pages

    Can I live without it? Do I really need it? These are the questions people should ask them self when thinking about charging something to their credit cards. I sometimes ask myself these questions when buy an expensive item but never when charging it to a credit card since I’ve just got one and lucky so far I haven’t had to use it. Many people see a credit card as a way of getting things they want but don’t have the money for instead of seeing it as a way for emergencies and because of this people get themselves into debt.

    Read More

  • Atwood Debtor's Prism Analysis

    2405 Words  | 10 Pages

    Danny Schechter wrote Investigating the Nation’s Exploding Credit Squeeze, two years before the 2008 world crisis. It is said that only true crisis can lead to change, an explanation to why so many people ignored the signs. Everyone is a target to the credit industry, not only the poor or middle classes. In a consumption driven culture, it is impossible not to spend your money and get into debt. Products seem fairly cheap, companies are always suggesting that you are making “a great bargain”, “buy two and one free” and it seems that everything is always “on sale” (Schechter 357).

    Read More

  • Generation Debt Summary

    675 Words  | 3 Pages

    According to Anya Kamenetz in the article “Generation Debt,” young people of today are struggling with high debt due to high educational finances and this is preventing them to move on as responsible adults. College tuitions are too high to pay that young people fall into applying for student loans, and have significant credit card debt with high balances. Most students are using their credit cards to pay for their college expenses and student loans; even their paychecks are being used to pay for college. I agree that many young people held back in becoming a full adult which they are doing everything they can just to continue their education. Even if it means to continue living at home with parents just to make ends meets and not being able to step in the “fully adulthood.”

    Read More

  • Informative Speech: Dental

    650 Words  | 3 Pages

    General Purpose - To inform Your Topic: Dental Specific Purpose: At the end my speech, I want my audience to understand that never to underestimate the power of teeth has on one’s life and what can be done to avoid horrific consequences. Attention Getter will be: Questions: Are you ever self-conscious about teeth when smiling or ever thought how it could affect many aspects of your life? Preview (thesis) Statement: Our teeth play an essential role in physical appearance, emotional and social contributions, and food and overall health.

    Read More

  • The Credit Card Company Made Me Do It Analysis

    970 Words  | 4 Pages

    Crippling credit debt is a plague often associated with adult life as the demand to participate in the consumer’s market increases exponentially. Everybody wants to be that person wearing the trendy clothes or accessorizing themselves with expensive material goods. Who wouldn’t want to signal to those around them that their life is going smoothly? In Carlos Macias’s article, “The Credit Card Company Made Me Do It!”-The Credit Card Industry’s Role in Causing Student Debt, he discusses how one of the best lifestyle facilitators offered to young adults is credit cards (Ramage, Bean, Johnson). The point of this article is to analyze the author’s purpose, logos, pathos, and overall persuasiveness; to uncover whether or not credit debt may not

    Read More

  • Draftkings Informative Speech

    637 Words  | 3 Pages

    What is DraftKings? DraftKings has become something of a legend in the fantasy sports betting genre since it first appeared. You may even have heard of the name yourself, but not fully understood what DraftKings is all about? In this short article, we will take a closer look at DraftKings, and explain its processes to you, so you can understand just what it is going on.

    Read More

  • A Christmas Carol: Money Makes The World Go Around

    655 Words  | 3 Pages

    A lot of people as they get older tend to shy away from what they love and care for. They choose to take the “safe route” and do something commonly known as being “secure”. But picture this:one day a man dressed in flashy bussiness suit comes to your house and handles you a credit card with limitless funds. Having the money to do what you want and love,you would have no worries when the morning sun rises and no concerns while the moon hangs in the sky. This shows how money controles everyone and

    Read More

  • ADD Informative Speech

    1308 Words  | 6 Pages

    We, as a species have a hard time admitting when we are wrong. How do you live with something that has no cure? Sure, they have medication and counseling that can help subdue the problem for a short time being, but, it’s always there, haunting the corners of your mind. Attention Deficit Disorder, or ADD is a somewhat commonly known. People sort of know what it is, but that doesn’t mean that they completely understand what it is.

    Read More

More about Equifax Informative Speech

Open Document