Equihack Scandal: Transparency Levels As The Ultimate Weapon

The fallout from the recent Equifax data breach is continuing as the Financial Conduct Authority begins its investigation into exactly what happened. Meanwhile fresh hype is being created as it emerges that thousands have turned to identity-theft-protection company Lifelock in order to protect their personal information, unaware that in doing so they are actually signing up for services that still rely on Equifax data.

The fact that Lifelock uses the company in order to carry out credit-score checking and monitoring is not unusual; organisations often use other outfits to provide components of their overall service. It can be more efficient and cheaper to use a specialist third party for a particular matter such as credit checking than to try to carry it out in-house.