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The 10 Biggest Security Stories Of 2017

The security industry saw more threats and funding opportunities in 2017, with massive data breaches and ransomware attacks crippling major institutions, and vendors tapping into the deep pockets of private equity and IPOs.

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1. Equifax Suffers Massive Data Breach, CEO Departs Company

Equifax in September revealed a huge data breach that impacted 143 million customers of its credit and information services. The breach was first discovered on July 29 and was due to a vulnerability in a U.S. website application, which allowed hackers access to certain files.

The breach included information on names, birth dates, Social Security numbers, addresses, and some drivers license numbers. It also included more than 200,000 credit card numbers and nearly 200,000 other documents with personal identifying information.

Less than three weeks after the breach was revealed, the company announced that CEO Richard Smith would retire. The departure was effective immediately, though Smith remained as an unpaid advisor to the company.

Solution providers said Equifax's handling of the mega breach shows the need to have adequate public relations and breach notification procedures in place. Specifically, partners said incident response needs to include the non-technical, such as legal, regulatory and compliance, executive notifications, and breach notifications to customers.

 
 
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