Ethical and Security Breach Involving Equifax

Management: Ethical and Security Breach Involving Equifax
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Management: Ethical and Security Breach Involving Equifax
           Equifax, a credit reporting agency in the United States, took several weeks to disclose and respond to a cybersecurity breach that exposed sensitive information belonging to over 143 million customers, which is about half of the United States population. Rather than treating the Equifax event as a technological failure, Stephen Gandel, the journalist who detailed the compromise of consumer data, found failure in corporate governance, management, and communication. The company officials learned about the hack on July 29, 2017, but consumers became aware of the breach through the Equifax’s announcement on September 7, 2017, two months after the incident. 
           According to Equifax, other hacks occurred between mid-May and July, when the company suffered unauthorized access to confidential data such as Soci...