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fCircumstances of which Leaned towards Ethical Dilemma coninued O Jun Ying (Chief Information Officer of Equifax) informed Richard F. Smith (Chief Executive Officer of Equifax)
\fCircumstances of which Leaned towards Ethical Dilemma coninued O Jun Ying (Chief Information Officer of Equifax) informed Richard F. Smith (Chief Executive Officer of Equifax) of suspicious activity on the network on 7/31/17, according to testimony he gave before Congress. 0 On 8/1/17, Jun Ying divested of his Equifax investments (Larkin, 2018). 0 On 8/2/17, Equifax informed the Feds and ended up hiring the legal services of King & Spalding LLP and cybersecurity forensic consulting firm Mandiant to look into and offer legal assistance on the data breach. 0 On 8/2/17, Joseph Loughran (United States Info Solutions President), Rodolfo Ploder (president of Workforce Solutions), and John Gamble (Chief Financial Officer), all sold a portion of their shares (Larkin, 2018). Circumstances of which Leaned towards Ethical Dilemma coninued O Mandiant had physical proof that personally identifiable information or Pll was compromised on THE 11th day of August, 2017. O Jun Ying alerted Richard F. Smith that Pll was compromised on the 15th day of August, 2017. O Richard F. Smith notified his superior leadership team of the breach the 17th day of August, 2017. 0 Smith notified Board Director Non-Executive Chairman Mark L. Feidler that data has been compromised on 8/22/17.\f\f\fSuggestions to avoid situations of this nature An additional network scan by a respectable cyber firm to make sure all vulnerabilities are found, or at the very least, another division within your company control and power separation from network and information security. more network structuring with the usage of firewalls and ports Gained Knowledge As stated In the article The Impact of Equifax and other data breaches on company culture one year later (Dabbs,2018) Make it a priority and spend more money on stronger cybersecurity personnel and tools. # In order to prevent cybersecurity breaches, educate your staff on best practices # Stay on top of the most recent security breaches
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