Just this week, I got an email from my bank notifying me about the Equifax data breach. It told me that my account info was safe but to always keep an eye on the account. I was one of the fortunate ones, but millions weren’t so lucky. On Friday, it was announced that Chief Information Officer for Equifax, Susan Mauldin and Chief Security Officer, David Webb had “retired,” effective immediately. More or less, they got fired.
Thus, the story should end now but it’s only beginning. The Equifax Security team had a fix for the flaw in the system months ago but never bother to put it to use. Hackers took advantage of the window and stole millions of people’s personal info, including bank info.
Equifax is facing at least 23 class-action lawsuits and counting along with a federal probe from two different government agencies. The stock in the company has gone down a third since the breach was announced.
Mark Rohrwasser will be replacing Mauldin as the interim chief information officer. Prior to the promotion, he had led the international IT operations. Russ Ayres will replace Webb as chief security officer.
Advice to those who were affected and could be affected: change any passwords you might have, and check your account daily. Don’t worry, your bank is checking for fraud from any weird sources, and lastly, don’t hit the panic button yet. You do have a case against Equifax if you lost any money and you should get in contact with an attorney.
Steps to a safe account:
1. Strong and Unique Passwords (don’t use the same password twice)
2. Two-factor authentication
3. Good antimalware on ALL devices
4. Update any outdated software
5. Backup your info on “the cloud” or on a USB
These are the steps to stop hackers from getting into your info. Events like Equifax will become commonplace.