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

March 20, 2019
Infographic
If your answer to this question is yes – or you are considering doing business internationally – you probably know there are many fine details that need your attention. Some questions to ask yourself: Do you have related parties in different…
March 15, 2019
Article
An emergency fund may help alleviate the stress associated with a financial crisis.
March 15, 2019
Article
A recent FASB update will significantly affect the accounting for operating leases. Here’s a breakdown of the changes.
March 13, 2019
Article
Properly documenting opioid use in patients is critical to avoiding a denial. Here are seven strategies that should be present in every entry in a patient's health record.
March 13, 2019
Article
Think you know the difference between an email from a friend and an email from a hacker? You may be surprised to find out the answer.
March 12, 2019
Article
When fraud is suspected, analyzing your organization’s data can be difficult. A fraud examiner can help you break down the information, so you can detect and prevent questionable activity.