1.Research document should be at least 22 pages. (Including cover page and references) 2.Total document should be in APA Format with proper citation for references. ▪ Company profile (Equifax ) ▪ Leadership profile and expertise (Please write 5 different types of profiles. Example: CEO, Architect, Lead etc.) ▪ Equifax company background and history ▪ Discuss Equifax 2017 data breach o Discuss the impact of the security incident o Discuss the scope of consumers and businesses affected? o Discuss how Equifax handled the security incident. o Discuss how the government handled the security incident ▪ Propose strategies and discuss a threat model for managing Equifax consumer and business data. ▪ Find and discuss at least three threats to Equifax information systems using one of the threat model strategies. 1,One for data flow (Data TAMPERRING ), 2. one for data store, 3.one for a process. ▪ Discuss and recommend at least two remediations per threat identified in the earlier section. Closing Section ▪ Discuss the likelihood of another data breach and recommend what Equifax needs to do to be prepared and possibly avoid it. Purchase the answer to view it

Equifax is a global consumer credit reporting agency and is one of the largest credit bureaus in the United States. The company collects information on over 800 million individuals and more than 88 million businesses worldwide. Equifax provides credit reports, credit scores, and other related information to lenders and businesses to help them make decisions about extending credit.

Equifax has a diverse leadership team with expertise in various areas. The CEO of Equifax plays a crucial role in overseeing the company’s operations and setting its strategic direction. Other important leadership profiles within the company include the Chief Financial Officer, Chief Technology Officer, Chief Legal Officer, and Chief Data and Analytics Officer. Each of these individuals contributes their unique skills and knowledge to ensure the success of Equifax.

In 2017, Equifax experienced a significant data breach that had a profound impact on both consumers and businesses. The breach exposed personal and financial information of approximately 147 million people, including their Social Security numbers, birth dates, addresses, and in some cases, driver’s license numbers. The breach also affected business clients who rely on Equifax for credit information and risk assessment.

The security incident had far-reaching consequences for both Equifax and the affected individuals and businesses. The breach resulted in a loss of trust in Equifax’s ability to protect sensitive information, and the company faced numerous lawsuits and regulatory investigations. It also incurred significant financial losses in the form of legal fees, compensation claims, and damage to its reputation.

Equifax’s response to the security incident was met with criticism. The company was accused of being slow to disclose the breach and of having insufficient security measures in place. The government also faced criticism for its handling of the incident, with calls for increased regulation and oversight of credit reporting agencies.

To manage consumer and business data, Equifax needs to develop strategies and a threat model to mitigate future breaches. A threat model helps identify potential threats and vulnerabilities to an organization’s information systems, allowing for proactive measures to be implemented.

In the case of Equifax, threats to its information systems could include data tampering, unauthorized access to stored data, and compromises during data processing. Each of these threats poses significant risks to the confidentiality, integrity, and availability of Equifax’s data.

To mitigate these threats, Equifax should implement remediation measures such as implementing robust encryption and access controls, conducting regular audits and vulnerability assessments, and educating employees on cybersecurity best practices. By taking these proactive measures, Equifax can reduce the likelihood of future data breaches and protect the sensitive information entrusted to them.

In conclusion, Equifax’s 2017 data breach had a substantial impact on both consumers and businesses. The incident highlighted the need for better security practices and increased government regulation in the credit reporting industry. Equifax must develop comprehensive strategies and threat models to ensure the safeguarding of consumer and business data. Proactive measures such as encryption, access controls, and employee education can help mitigate the risks and prevent future breaches. By doing so, Equifax can regain trust and maintain its position as a trusted provider of credit information.

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