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Data from Equifax hack could "end up on the black market"

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The DOJ says there isn't evidence that the information stolen from Equifax is being used at this time but Alan Butler with the electronic privacy information center says that might not be the case for long there's no assurance that the use of the state is going to be in a limited to the Chinese military it very well could end up on the black market he notes the problems at Equifax occurred after the company failed to patch a known vulnerability in a software program of vulnerability the hacker is exported companies are collecting far too much data they're not storing it securely and frankly we don't have a legal regime in in the United States that addresses the types in vast quantities of data that that these companies are collecting in a statement Equifax and over the past two years they've made significant progress and investments to protect the data entrusted to us the justice department says eighty percent of its economic espionage prosecutions have implicated the Chinese government CBS's and

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