The Australian government cannot underestimate the importance of cyber security threats and it would be ‘foolhardy’ not to appoint a cyber tsar at some point, says Forcepoint’s US-based CEO, Matthew Moynahan.
Equifax - News, Features, and Slideshows
The cyberattack on Equifax is a sobering reminder for any CEO of the perils involved with data breaches. Regulatory trends indicate increasing responsibility for boards and executives in reporting and preventing cyberattacks.
Equifax said on Thursday that it identified an additional 2.4 million U.S. consumers affected by last year's massive data breach, bringing the total number of people whose data was compromised to more than 147 million.
Equifax has warned that its massive data breach has prompted some customers to hold back business during the past quarter.
Four Equifax executives who sold shares before the firm disclosed a massive data breach were not aware of the incident when they made the trades.
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