data breach Archives - Page 2 of 6 - CFO

Equifax Agrees to Fixes to Prevent Another Hack

Equifax Agrees to Fixes to Prevent Another Hack

A consent order with eight states addresses the software patch management failures that led to the massive data breach in May 2017.

By Matthew Heller | June 28, 2018

Correcting Wall Street’s Cyber Blind Spot

Correcting Wall Street’s Cyber Blind Spot

Necessity is the mother of invention, and Wall Street now has access to tools that quantify a company’s security posture.

By Craig Callé | June 25, 2018

ISS Urges ‘No’ Vote on Five Equifax Directors

Risk Management

ISS Urges ‘No’ Vote on Five Equifax Directors

The proxy adviser says members of Equifax's technology committee should be held responsible for may be the most costly data breach in corporate history.

By Matthew Heller | April 16, 2018

How to Manage Cyber-Whistleblower Risk

How to Manage Cyber-Whistleblower Risk

Companies should pay specific attention to risks arising from the increasingly common whistleblower complaints regarding data breaches and cybersecurity.

By Brian Fleming and William Barry | March 8, 2018

Equifax Hack Could Cost ‘Well Over $600M’

Equifax Hack Could Cost ‘Well Over $600M’

The breach could turn out to be the most costly in corporate history, with Equifax expecting another $275 million in costs this year.

By Matthew Heller | March 5, 2018

CFPB Said to Be Icing Probe of Equifax Breach

Risk & Compliance

CFPB Said to Be Icing Probe of Equifax Breach

Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.

By Matthew Heller | February 5, 2018

How to Prevent ‘Visual Hacking’

How to Prevent ‘Visual Hacking’

In this high-tech age, low-tech hacking techniques like physically looking at open computer screens may be overlooked, potentially leading to disaster.

By John Brenberg | December 5, 2017

Equifax Failed to Patch Software Flaw: Ex-CEO

Equifax Failed to Patch Software Flaw: Ex-CEO

Richard Smith says the massive data breach at Equifax resulted from a flaw that remained in a web app "much longer than it should have."

By Matthew Heller | October 3, 2017

SEC Discloses 2016 Hack of EDGAR System

SEC Discloses 2016 Hack of EDGAR System

The commission says cybercriminals obtained access to nonpublic information and may have used it to make illicit trades.

By Matthew Heller | September 21, 2017

N.Y. to Crack Down on Equifax and Its Ilk

Risk & Compliance

N.Y. to Crack Down on Equifax and Its Ilk

State's governor proposes rules that subject credit bureaus to aspects of New York's financial services regulations.

By Vincent Ryan | September 19, 2017

Equifax Hack Exposes App Patch Vulnerability

Equifax Hack Exposes App Patch Vulnerability

"The sad and inconvenient truth is that a majority of large companies have similar challenges, problems, and weakness in their cybersecurity.”

By Matthew Heller | September 14, 2017

Why Stand Alone Against Cyber Risk?

Risk Management

Why Stand Alone Against Cyber Risk?

The growth in companies buying stand-alone insurance has plateaued, according to a survey of corporate insurance buyers.

By David Katz | August 24, 2017

Uber Settles FTC Case Over Privacy Violations

Risk & Compliance

Uber Settles FTC Case Over Privacy Violations

"Our order requires a culture of privacy sensitivity for Uber," Acting FTC Chair Maureen Ohlhausen says of the settlement.

By Matthew Heller | August 15, 2017

Target to Pay States $18.5M Over Data Breach

Target to Pay States $18.5M Over Data Breach

The settlement "should send a strong message to other companies: You are responsible for protecting your customers’ personal information."

By Matthew Heller | May 23, 2017

Cyber Attacks Can Cause Major Stock Drops

Cyber Attacks Can Cause Major Stock Drops

A new study finds some breaches have wiped as much as 15% off companies' stock market valuations.

By Matthew Heller | April 12, 2017