Early last week, Equifax was in the news when it was revealed that the Consumer Financial Protection Bureau (CFPB) was backing away from investigating the agency. Then, on Friday, news surfaced about even more data breached at Equifax. On Monday, the credit agency announced a new CISO. Is it finally time to exhale?
About five months ago, Equifax revealed that it had been the subject of a cyberattack in which hackers stole data that included names, social security numbers, birth dates, and addresses–affecting 145.5 million consumers. Now, the agency says the data breach was even more expansive.
“Cyberthieves accessed records across numerous tables in its systems that included such data as tax identification numbers, email addresses and driver’s license information beyond the license numbers it originally disclosed,” writes AnnaMaria Andriotis in The Wall Street Journal.
When the credit firm disclosed the breach this past September, it announced that several of its executives would be retiring. Since then, the company has been headed by interim CEO Paulino do Rego Barros Jr., who told Congress shortly after the cyberattack that “the company quadrupled spending on security and updated its security tools since the breach,” according to The Wall Street Journal.
Continuing along its cybersecurity road to recovery, the credit bureau said on Monday it had hired Jamil Farshchi as its new CISO. Farschi previous led Home Depot’s IT security, taking the helm shortly after that company was breached.
With Monday’s announcement, a company statement quoted Barros as saying the firm was confident that Farshchi would help “continue our journey toward developing industry-leading security practices and, ultimately, to help us regain trust with consumers and customers.”