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The Equifax Data Breach
Inclusion of digital assets increases ransomware and unchecked financial crime compliance risks. Technology going mainstream creates challenges for bad actors to hide, leading to attracting illicit finance. Companies like Chanelis and Elliptic play a crucial role in combating illicit actors and improving global financial responsibility. The inclusion of electronic medical records in the 2008 healthcare reform lacked interoperable standards, hindering data exchange between systems. The Equifax data breach compromised 150 million people, underscoring the vulnerabilities of centralized databases and alphanumeric identifiers. This breach highlights the necessity for open, public, resilient technologies like blockchains to mitigate such risks.