![]() "And without those consequences, there’s not a lot of incentive for them to stay on top of the highest data security (protocol) out there." ![]() "The reality is there’s little consequence for companies that are holding onto this information" and who fail to protect it, said Adam Garber, consumer watchdog with the Public Interest Research Group's Education Fund. "Our industry-leading cloud technology transformation will make us more secure and enable us to innovate and develop solutions. … Today's announcement is another positive step forward in helping us turn the page on the cybersecurity attack as we continue our focus on being a leader in data security," he said. The Apache Foundation – which oversees the widely used open-source software that the hackers exploited to obtain access to Equifax servers – revealed in September 2017 that "the Equifax data compromise was due to (Equifax's) failure to install the security updates provided in a timely manner."Įquifax acknowledged that the criminals who gained access to its customer data exploited a website application vulnerability known as Apache Struts CVE-2017-5638.Įquifax CEO Mark Begor said Monday in a statement that the company has made significant investments since the breach to bolster its data protection, including $1.25 billion for "enhanced security and technology" from 2018 to 2020.
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