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What business can learn from the Equifax data breach

Ira Winkler | Sept. 12, 2017
Security professionals need a systematic analysis process for what to do when customer data is compromised.

Sadly, I have to reiterate that you should not attempt to further victimize the true victims of the attack, nor attempt to profit from it.

The Equifax hack is a wake-up call, but we have had more than enough wake up calls. The reality is that most security professionals will complain about the incident, until another comes up, without taking appropriate actions within their own organizations.

Organizations must realize that good security programs require a program that entails a comprehensive protection, detection, and reaction strategy. Equifax can be used to both take away lessons, and probably more valuably, help to justify the cost of putting appropriate programs together.

While I know a lot of people love to hear the stories about the pending multi-billion dollar class action lawsuits against the company, the reality is that tens of millions of dollars will go to lawyers, while pennies will go to the victims. The best you can hope for is that the threat of such lawsuits will help you get the resources to implement a proper security program.

 

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