Friday 29 September 2017

CEO of hacked Equifax takes his US$15 million and leaves

OPINION: It was probably not a shocker to most people that Richard Smith is no longer CEO of the credit rating agency Equifax. After all, he had presided over a deplorable mess that could end up costing half the country millions and millions of dollars as the victims of identity theft.

Equifax had been entrusted with the personal information of millions of Americans. Its mission was to provide accurate credit reporting while keeping the vital information safe and secure.

But the Equifax security was so weak that it was hacked and the personal information of more than 143 million Americans was stolen. The company’s first responses were an embarrassment. The story is nothing short of a national crisis. In fact, it is more important than whether National Football League players stand, kneel, sit or stand on their heads during the playing of the National Anthem.

What is surprising about Smith’s departure is that he was allowed to retire. He didn’t quit. The board didn’t fire him. Nope, he retired.

from Eve’s Feed http://www.stuff.co.nz/technology/digital-living/97389672/CEO-of-hacked-Equifax-takes-his-US-15-million-and-leaves




from
https://evewilki1971.wordpress.com/2017/09/29/ceo-of-hacked-equifax-takes-his-us15-million-and-leaves/

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