Reference no: EM133185328
Case Study - The Equifax Data Breach In 2017, from mid-May to July, hackers gained unauthorized access to servers used by Equifax, a major credit reporting agency, and accessed the personal information of nearly one-half the U.S. population. Equifax executives sold off nearly $2 million of company stock they owned after finding out about the hack in late July, weeks before it was publicly announced on September 7, 2017, in potential violation of insider trading rules. The company's shares fell nearly 14 percent after the announcement, but few expect Equifax managers to be held liable for their mistakes, face any regulatory discipline, or pay any penalties for profiting from their actions. To make amends to customers and clients in the aftermath of the hack, the company offered free credit monitoring and identity-theft protection. On September 15, 2017, the company's chief information officer and chief of security retired. On September 26, 2017, the CEO resigned, days before he was to testify before Congress about the breach. To date, numerous government investigations and hundreds of private lawsuits have been filed as a result of the hack.
Discussion
Questions
1. Which elements of this case might involve issues of legal compliance? Which elements illustrate acting legally but not ethically? What would acting ethically and with personal integrity in this situation look like?
2. How do you think this breach will affect Equifax's position relative to those of its competitors? How might it affect the future success of the company?
3. Was it sufficient for Equifax to offer online privacy protection to those whose personal information was hacked? What else might it have done?
|
How much paint will they produce in the first month
: In the first month, they will produce 1000 litres and then, in each subsequent month, How much paint will they produce in the first month
|
|
Compute your hpr and hpy on this francesca stock investment
: During the year, you received a cash dividend of $1.50 a share. Compute your HPR and HPY on this Francesca stock investment
|
|
Presentation on recent merger
: You will be recording a presentation on a recent merger. Explain why the merger might be a good fit- slide 3 why was it blocked and by who?
|
|
What are the main characteristics of hedge funds
: What are the main characteristics of hedge funds? What kind of problems is the hedge fund industry currently facing, and what are the solutions suggested
|
|
Which elements illustrate acting legally but not ethically
: Which elements of this case might involve issues of legal compliance? Which elements illustrate acting legally but not ethically?
|
|
Calculate the product cost per unit under variable costing
: This production level was achieved, but only 46,250 units were sold at $90 each. Calculate the product cost per unit under variable costing
|
|
Write about the ICV system and the current functionality
: Write about the ICV system and the current functionality - Do research on similar topic regionally for comparison Add/amendthe attached (Research) results
|
|
What quantity of fleeces does active wear need to produce
: No inventory is carried. What quantity of fleeces does Active wear need to produce and sell each year to make a profit of €40,000
|
|
What is the cash provided from hi-techs investing activities
: Increase in Merchandise Inventory 5,000 Increase in Total Current Liabilities 13,000. What is the Cash provided or (used) from Hi-Tech's Investing Activities
|