Equifax And SEC Breaches Show You Can't Hide From Hackers

Cited as one of the largest incidents of its kind in history, the recent Equifax data breach underscores that every business and individual is vulnerable to theft of sensitive information by unscrupulous hackers. In less than a week following its announcement of the data breach, Equifax was already the subject of dozens of class action lawsuits filed around the country by consumers and shareholders. More lawsuits are likely on the horizon, along with investigations by state and federal regulators. In fact, the high-profile nature of the breach has caused some lawmakers to reconsider the need for new federal legislation for cybersecurity standards and breach notification laws. To make matters worse, widespread media reports may be tarnishing the company's reputation, its stock price has experienced a precipitous drop, and its chief information and security officer has reportedly retired. The potential adverse legal and financial consequences and reputational risk to the