Cyber dating expert
What makes this scandal so unique, and therefore a point of no return, is that these reputational damages reach far beyond Equifax.Consumers can’t always choose whether they’re a customer of Equifax, but they can choose whether to do business with the institutions that gave away their information to Equifax in the first place.
As with many data breaches, the general conclusion of the Equifax attack is that personnel were not aware of the issue beforehand. In early September, I anticipated that a vulnerability in Equifax’s software was known ahead of time, and that this scandal was, therefore, entirely preventable.
Stolen information can lie dormant for months or years as criminals wait to make their move, and when they do, you’ll have either taken this period of calm as a chance to forget the scandal, finding yourself ill-prepared, or a chance to get to higher ground, finding yourself fully protected.
To protect themselves, businesses must: Our world, including the business world, is becoming increasingly transparent, meaning it’s up to you to act with integrity and protect your stakeholders.
I also believe that consumers’ outrage with this scandal will cause them to shift their money, loyalty, and trust to institutions that can demonstrate effective risk management.
CEOs and boards of every company will have to prove their organizations have adequate enterprise risk management systems in place.The Bullying Circle Nearly one in five students experiences bullying in some way.