Equifax’s Cybersecurity Comedy of Errors
Equifax’s data breach is a comedic tale of blunders only if it wasn’t so real. An 11 million pound fine, millions of compromised consumers, and six weeks of obliviousness, it’s a cybersecurity farce.
Hot Take:
Let's talk about Equifax's spectacular trip into cyber-security's hall of shame. The financial watchdog, FCA, has just slapped an 11 million pound fine on the credit rater for a data breach that could have been avoided with a half-decent firewall and a decent respect for customer data. It's like leaving your front door wide open and then being surprised when a burglar walks in and starts trying on your jewelry. Oh, and did we mention that it took the UK arm of Equifax six weeks to realize their data had been accessed? That's like realizing you've been robbed only after the burglar has already sold all your stuff on eBay. It's a comedy of errors, if only it weren't so tragically real.Already a member? Log in here