Careers & People

9/26/2017
10:15 AM
50%
50%

Equifax CEO Retires in Wake of Breach

After the company's CIO and CSO resigned Sep. 14, Chairman and CEO Richard F. Smith follows them out the door.

Equifax CEO Richard F. Smith retired today, stepping down in the wake of a massive data breach that leaked Social Security Numbers, birthdates, addresses, and other personal data of 143 million people. Smith, who held the position since 2005, follows the company's CSO and CIO, who both resigned Sep. 14.

The credit reporting firm has received sharp criticism for both its data security practices and its breach response efforts.

Attackers lifted the data by exploiting an unpatched vulnerability in the company's website. The public was not notified until months after the incident was discovered. Services set up to inform individuals whether or not they were impacted were fraught with problems -- giving users conflicting information and requiring them to waive certain legal rights (until public outcry pressured Equifax to remove the clause). An offer of one year of free credit reporting, from the very credit reporting firm that had just been breached, was also considered insufficient.    

There were also questions of corruption, as three Equifax executives, including the CFO, sold their shares in the company in the days following the breach discovery. Equifax has stated that these executives were unaware of the incident at the time. 

Both state and federal government bodies have launched investigations into the Equifax incident. Smith had agreed to testify before the House Energy and Commerce Committee in early October.

Read more at Reuters and theNew York Times.

Join Dark Reading LIVE for two days of practical cyber defense discussions. Learn from the industry’s most knowledgeable IT security experts. Check out the INsecurity agenda here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
9/26/2017 | 12:55:32 PM
Value of Information Technologh
It is my hope that American management, by example, will NOW begin to look at IT as something MORE than a line expense item that can be outsourced to IBM, Wipro, Tata, Infosys or any other firm.  Maybe we ARE more than just a department or two of well paid workers who DO valuable work.  Our knowledge is unique and cannot be transferred to H1-B visa types or a helpdesk in Bangalore.  

Listen up American management!!!!
12 Free, Ready-to-Use Security Tools
Steve Zurier, Freelance Writer,  10/12/2018
Pair of Reports Paint Picture of Enterprise Security Struggling to Keep Up
Curtis Franklin Jr., Senior Editor at Dark Reading,  10/11/2018
New Domains: A Wide-Open Playing Field for Cybercrime
Ben April, CTO, Farsight Security,  10/9/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Flash Poll
Surviving the IT Security Skills Shortage
Surviving the IT Security Skills Shortage
Cybersecurity professionals are in high demand -- and short supply. Find out what Dark Reading discovered during their 2017 Security Staffing Survey and get some strategies for getting through the drought. Download the report today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-18324
PUBLISHED: 2018-10-15
CentOS-WebPanel.com (aka CWP) CentOS Web Panel 0.9.8.480 has XSS via the admin/fileManager2.php fm_current_dir parameter, or the admin/index.php module, service_start, service_fullstatus, service_restart, service_stop, or file (within the file_editor) parameter.
CVE-2018-18322
PUBLISHED: 2018-10-15
CentOS-WebPanel.com (aka CWP) CentOS Web Panel 0.9.8.480 has Command Injection via shell metacharacters in the admin/index.php service_start, service_restart, service_fullstatus, or service_stop parameter.
CVE-2018-18323
PUBLISHED: 2018-10-15
CentOS-WebPanel.com (aka CWP) CentOS Web Panel 0.9.8.480 has Local File Inclusion via directory traversal with an admin/index.php?module=file_editor&file=/../ URI.
CVE-2018-18319
PUBLISHED: 2018-10-15
** DISPUTED ** An issue was discovered in the Merlin.PHP component 0.6.6 for Asuswrt-Merlin devices. An attacker can execute arbitrary commands because api.php has an eval call, as demonstrated by the /6/api.php?function=command&class=remote&Cc='ls' URI. NOTE: the vendor indicates that Merli...
CVE-2018-18320
PUBLISHED: 2018-10-15
** DISPUTED ** An issue was discovered in the Merlin.PHP component 0.6.6 for Asuswrt-Merlin devices. An attacker can execute arbitrary commands because exec.php has a popen call. NOTE: the vendor indicates that Merlin.PHP is designed only for use on a trusted intranet network, and intentionally allo...