Regulator issues enforcement notice against TransUnion for hack in 2022

Personal information held by credit bureau, TransUnion, was compromised when its system was hacked by a group that demanded a ransom.The Information Regulator has issued an enforcement notice against credit bureaus, TransUnion, for a data breach in 2022 after it was found that it breached the conditions for the lawful processing of personal information.

ITWeb broke the news about the TransUnion hack in 2022, when N4ughtySecTU demanded $15 million ransom for four terabytes of compromised data. The group claimed after the hack that it had accessed several million personal records of South Africans, including the personal details of president Cyril Ramaphosa.

In addition, the Regulator found that TransUnion also did not implement any controls to detect the failure and therefore failed to prevent unlawful access to information on its database. The Regulator then issued the enforcement notice and ordered TransUnion to develop and implement security measures to ensure the integrity and confidentiality of personal information in its possession to prevent unlawful access.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Regulator outlines just how poorly secured credit bureau was when it was breachedThe Information Regulator found that TransUnion failed to follow its own password requirements, user creation policies and more which likely lead to a breach in 2022. The Information Regulator found that TransUnion failed to follow its own password requirements, user creation policies and more which likely lead to a breach in 2022.
Source: htxtafrica - 🏆 42. / 51 Read more »