Thursday, 26 April, 2018

Equifax CSO and CIO leave after widespread data breach

Equifax CSO and CIO leave after widespread data breach Equifax CSO and CIO leave after widespread data breach
Terence Owen | 21 September, 2017, 03:19

Mark Rohrwasser, who joined the firm to head of global IT operations in 2016, has been appointed interim Chief Information Officer. A few days later, Equifax brought in security consulting firm Mandiant, now a unit of FireEye and associated with many high-profile forensics investigations including the Yahoo breach past year, when data on more than 1 billion accounts were exposed.

Equifax has also confirmed reports that it was a known vulnerability in the open-source Apache Struts framework that was the initial attack vector into the breached application.

The company had been the target of other successful hacks going back to March, according to a Bloomberg report.

"The company said the March breach was not related to the hack that exposed the personal and financial data on 143 million USA consumers, but one of the people said the breaches involve the same intruders". But it came down to a flaw in a tool created to build web applications, the company said in a press release this week. The specific vulnerability is CVE-2017-5638 which was patched by the Apache Struts project in March 2017. One day later on Jul. 30, Equifax's security teams were still seeing suspicious traffic and made a decision to take the entire impacted application offline.

"Equifax's Security organization was aware of this vulnerability at that time, and took efforts to identify and to patch any vulnerable systems in the company's IT infrastructure". Equifax hasn't publicly disclosed the March incident.

'N. Korea Will be Destroyed if it Continues Reckless Behavior'
Trump said last week he would be willing to mediate the worst dispute in decades between Qatar and US -allied Arab states. The United States is a veto-wielding council member, along with Britain, France, Russia and China.

They specifically want to know details of almost $1.8 million in stock sales made by Equifax executives, including the company's chief financial officer, three days after the breach was discovered and several weeks before it was made public.

Dan Panesar, VP EMEA, Certes Networks, said: "As the fall-out of the Equifax breaches continues, it is ever more apparent that not only is maintaining traditional approaches to cybersecurity an open invitation to hackers, but also that the mindset of most CIOs and CISOs needs to change".

Equifax found consumers in the United Kingdom and Canada also had information compromised in the breach. In the U.S the Federal Trade Commission (FTC) revealed on September 14 that it is investigating the breach as well.

While investigation into the scope of the breach is still ongoing, Equifax is doing what it can to contain the fallout.

"Ring, ring. This is Equifax calling to verify your account information. It's a scam. Equifax will not call you out of the blue".

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