Moody's Downgrade of Equifax Affects Us All


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http://www.scmagazine.com/home/security-news/data-breach/in-a-first-moodys-downgrades-equifaxs-rating-outlook-due-to-cyberattack/ 

The downgrade of Equifax due to losses from their data breach in 2017, affecting almost 150 million customers, is hugely important to the entire cybersec industry and we need to be talking to executives and boards about this.  

Yes, cybersecurity incidents can have a significant and direct impact on financial outlooks and must be treated with those risks in mind.  Equifax has reported spending a whopping $1.4 billion so far on recovery and the breach has now been assessed as being 'entirely preventable'.  

Leaders of all companies must proactively face the risks and manage them appropriately.  

This will not be the last downgrade of companies due to cyberattacks.  

 

 

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Matthew Rosenquist
Matthew Rosenquist

Cybersecurity Strategist specializing in the evolution of threats, opportunities, and risks in pursuit of optimal security for our digital world.


Cybersecurity Tomorrow
Cybersecurity Tomorrow

Cybersecurity strategy perspectives for the emerging risks and opportunities of securing our digital world. The insights of today will lead to tomorrow's security, privacy, and safety foundations.

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