Fraud News

Don’t let your business be tomorrow’s headline

Author: Stoll Keenon Ogden PLLC / Source: Insider Louisville

September’s news centered on hurricanes Harvey and Irma until word of a massive cybersecurity failure at credit bureau Equifax pushed those storms below the fold.

We learned that a breach of personal financial information of 143 million Americans occurred between May and July 2017. Making matters worse, the breach exploited a known vulnerability in a widely used web application for which a patch had been released nearly two months before the breach; Equifax had not updated its vulnerable systems.

Given the scale of this breach— more than 200,000 credit card numbers were stolen—it’s not surprising that Equifax was sued in numerous states, and various state and federal regulators pledged investigations. In the aftermath, Equifax Chairman and CEO Richard F. Smith abruptly retired.

Days later, auditing and cybersecurity consulting firm Deloitte LLP revealed it was successfully targeted by a cyberattack that let criminals access data from an internal email platform.

Lynn H. Wangerin

These disasters are a reminder to…

Click here to read more

Click Here to Read More

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular News

To Top