Economy

Equifax CSO and CIO leave after widespread data breach

Equifax CSO and CIO leave after widespread data breach”

The words "took efforts to identify and patch vulnerable systems" don't definitively say whether Struts was identified as vulnerable or whether an attempt was made to patch it.

Mark Rohrwasser, previously leader of its worldwide information technology operations, takes over as interim CIO, whilst Russ Ayres assumes the position of interim CSO.

Equifax said Tuesday that approximately 100,000 Canadian consumers may have had their personal information compromised in the massive cyberattack on the credit data company that was revealed this month.

Mark Rohrwasser, who previously headed Equifax's International IT operations, has now been appointed as the interim Chief Information Officer.

In a Friday statement, Equifax claimed it first noticed and started blocking "suspicious network traffic associated with its USA online dispute portal application" on July 29, before taking the app offline the following day.

However, the statement raises more questions than it answers.

"Having concluded the initial assessment Equifax has established that it is likely to need to contact fewer than 400,000 United Kingdom consumers in order to offer them appropriate advice and a range of services to help safeguard and reassure them", said the company in a statement to the press. It subsequently brought the portal back online. The specific vulnerability is CVE-2017-5638 which was patched by the Apache Struts project in March 2017.

Equifax CSO and CIO leave after widespread data breach

Equifax said it believes the access occurred from May 13 through July 30.

Equifax has been castigated for how it has handled the breach, which it did not disclose publicly for weeks after it was discovered.

That review is being conducted with security outfit Mandiant, which the new statement says was engaged on August 2nd.

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". Originally the company offered fee-free credit freezes for 30 days after the incident.

Equifax is facing several class-action lawsuits, inquiries and Congressional investigations. The company's CEO Richard Smith is scheduled to testify in front of Congress in early October.

Three Equifax executives sold shares worth a combined $1.8 million just a few days after the company learned of the breach, according to documents filed with securities regulators.

Equifax has also announced that fewer than 400,000 United Kingdom consumers were affected by the breach and that it will be offering a range of services to help "safeguard and reassure them" from potential threats.



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