Extract from article by David Duff Beach and Scott Hall
The Equifax data breach has dominated news headlines for weeks, and Equifax will be dealing with the legal and financial fallout from the breach for many years. While many companies may be relieved not to be in Equifax’s position right now, no company is immune to data breaches.
Those who fail to learn key lessons from Equifax’s mistakes may find themselves in the next headline. Accordingly, companies in every industry, and of every size, that maintain any type of sensitive personal data—whether it be of customers, employees, or data maintained on behalf of others—should study the Equifax situation and ensure that they are better prepared for a data breach incident.