Former Equifax CEO Blames a Single Employee Not Working on Breach

sfsuphysics said:
Seems to me that there should be some sort of "insider trading" clause in cases like this where said company will be sued out of existence.

Dude did a smart thing in resigning, now he can sell his stock and it's at least worth something, and his pension is paid off before all the lawyers manage to put up their lawsuits against them and freeze the companies earnings.
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Him resigning was not exactly voluntary, it was a "you are going to be the media sacrifice, but we will leave it up to you to resign first".
 
So, only ONE person was responsible for this?

That shows a lack of competence on the CEO's part...
 
too bad this isn't a turning point to get rid of the whole credit system
 
BlueFireIce said:
Him resigning was not exactly voluntary, it was a "you are going to be the media sacrifice, but we will leave it up to you to resign first".
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Yeah, and when Equifax gets sued out existence and needs to declare bankruptcy the new CEO won't be able to cash in on any golden parachute because the companies resources will be frozen. Meanwhile all the ex-CEOs will be able to sip their margaritas from a beach laying on a lounge chair made of gold.
 
CEOs pointing fingers is stupid. A single person??!! There should never be a single person in charge of securing anything so important to a company that deals with such invasive customer information.

It falls to the CEO to make sure everything under him runs smoothly, efficiently and securely - not necessarily in that order. At the end of the day the buck stops at the CEO. CEOs pointing fingers at his employees reflects even worse on the CEO himself. Good luck getting a job as CEO anywhere else with that as your crowning achievement.
 
cyberguyz said:
CEOs pointing fingers is stupid. A single person??!! There should never be a single person in charge of securing anything so important to a company that deals with such invasive customer information.

It falls to the CEO to make sure everything under him runs smoothly, efficiently and securely - not necessarily in that order. At the end of the day the buck stops at the CEO. CEOs pointing fingers at his employees reflects even worse on the CEO himself. Good luck getting a job as CEO anywhere else with that as your crowning achievement.
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Actually its not and is not what a CEO does. That would be department leads and managers.

And yes, it often comes down to a single person for root cause.
 
cyberguyz said:
CEOs pointing fingers is stupid. A single person??!! There should never be a single person in charge of securing anything so important to a company that deals with such invasive customer information.

It falls to the CEO to make sure everything under him runs smoothly, efficiently and securely - not necessarily in that order. At the end of the day the buck stops at the CEO. CEOs pointing fingers at his employees reflects even worse on the CEO himself. Good luck getting a job as CEO anywhere else with that as your crowning achievement.
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lol His crowning achievement was taking a $30 a share company to $146 a share, now $110 a share.
He joined Equifax in September 2005 after more than two decades with General Electric Co. He held several Chief Executive Officer, president and Chief Operating Officer positions with GE, where he was appointed a Corporate Officer in 1999.
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BlueFireIce said:
Actually its not and is not what a CEO does. That would be department leads and managers.

And yes, it often comes down to a single person for root cause.
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And where are the weekly/monthly audit reports on server patch statuses? How did this unpatched CRITICAL vuln on production servers NOT set off alarms with the security team/ management? Our much smaller company handles similar info and we have those systems in place....
 
When you're the boss and things get fucked up. The buck often stops with you, even if you had no direct control.

It's called responsibility. I know, its a weird concept to apply to the person at the highest position.
 
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