Why do you think hackers are targeting the financial sector?

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Case studies require a thorough analysis of the case that is given to you. You will perform independent research by responding to the questions and prepare a report.
Before you attempt the assignment, read the following:
Borak, D. and Vasel, K. (2018, Feb 10). The Equifax hack could be worse than thought (Links to an external site.). CNN Money.
Cimpanu, C. (2018, Sep 7). US government releases post-mortem report on Equifax hack. (Links to an external site.) ZDNet.
Ng, A. (2018, Sep 7). How the Equifax hack happened, and what still needs to be done. (Links to an external site.) C|Net.
Schriever, N. (2017 Sep 20). Equifax Hacked!. (Links to an external site.) Nationwide Credit Clearing.
Equifax, one of the largest credit information bureaus, was hacked as early as mid-May 2017, yet the company did not publicly disclose this fact until July 29, 2017. This left up to 143 million consumers vulnerable as their information was already known.
In this activity, you need to do a thorough study on the Equifax data breach and answer the following questions:
Identify the type of attack.
Identify the loopholes in the controls at Equifax that led to the compromise.
List the security practices that could have prevented the breach.
List the precautionary measures Equifax implemented after the breach.
Why do you think hackers are targeting the financial sector?
Why didn’t this breach affect the company as much as other breaches like Target and Anthem?
Use the American Psychological Association (APA) style (most current edition) for writing your assignment. The length of your assignment paper should be 3 to 5 pages.

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