Every one of the top 10 officers in the company are guilty of criminal neglect.
And must stand trial for it.
This is not your average “bad breach”. It’s the worst possible scenario.
The potential damage is incalculable.
Additionally, this company must be sued completely out of business. AND their top 10 customers need to be held liable for not performing their due diligence on the effectiveness of Equifax’s Information Security posture.
Yes, their customers are liable too. They provided the data to a company that demonstrably IS NOT SECURE. Did Wells Fargo, Citi and BofA conduct their own information security audits? Did they attempt intrusion?
Nay, they too are liable.
There’s a lot of folks sh!tting themselves right now.
Wells Fargo once created a charge account for me that I didn't want or ask for. Citi leaked my email address to a spammer and had to assign me a new account number. Citi once lost my online account access and it had to be re-initialized. These guys need to audit themselves. But how can they? It seems that neither they nor anyone else in the industry has any IT or cybersecurity skills.
And three of their top execs sold between them $1.8 million in stock between the time that the breach was discovered and it was announced publicly. Each of them should fo a minimum of 10 years for insider trading.