Insights: Article

The Equifax Breach: How to Take a Proactive Approach for the Next Major Cyber Event

By   Anders Erickson

September 14, 2017

The recent data security breach of credit monitoring service Equifax shows how immense and devastating a cyber attack can be. The breach exposed personal and credit card information for as many as 143 million people and will have long-lasting effects.

As these events become more common, how can you be proactive in protecting your organization—and yourself—from becoming a victim? Here are some steps.

For Organizations
Prioritize the development of a culture where cybersecurity is seen as an element critical to success. Leadership should be promoting strong cybersecurity practices and ensure that activities like the following are addressed on an ongoing basis:

  • Security awareness training
  • Vendor management
  • Event detection and response
  • Incident and contingency planning

Not sure where to begin? An assessment of your cybersecurity measures can help outline recommendations and priority projects to direct your efforts.

For Individuals
You must remain vigilant in monitoring and protecting your identity. This Consumer Reports article provides details on how to monitor for fraud and take action should you see that something has taken place. 

More Information
You can dive deeper into cybersecurity with the following articles on our website.

If you have any questions about these services, please contact your Eide Bailly professional or Anders Erickson, director of cybersecurity, at aerickson@eidebailly.com or 208.383.4731.

Latest Insights

May 25, 2018
Article
While revenue recognition implementation guidance under FASB is still being finalized, a significant portion of health care industry information is now available.
May 25, 2018
Article
Did your U.S. business have direct or indirect ownership or control by a foreign person or enterprise at any time during 2017? If yes, you need to read on.
May 24, 2018
Article
Do you owe tax in Alabama, Connecticut, Indiana or Texas? If so, you should consider participating in an available amnesty program.
May 21, 2018
Firm News
Today, accounting firm Brad Rhodes and Associates of Greenwood Village, Colo.
May 21, 2018
Article
The mission of the organization may sing to your heart strings, but sometimes the nicest people who appear to live for the mission create unimaginable havoc, and you can’t turn a blind eye.
May 21, 2018
Article
Whether it be accidentally or on purpose we have all deleted a file.