ATLANTA, May 5, 2021 /PRNewswire/ -- Equifax Inc., a
data, analytics and technology company, today released an inaugural
2020 Security Annual Report, detailing the company's three-year
enterprise-wide cloud-technology and security transformation,
establishing the company as a leader in security. The steps Equifax
has taken to quickly rebuild its entire organization from
technology to culture serve as a blueprint for how other
organizations can establish a security-first approach to maintain
success and protect themselves and their customers.
Following its own breach in 2017 by a military arm of the
Chinese government, Equifax made significant changes to transform
its security enterprise-wide. The company invested an
incremental $1.5 billion over the past 3 years to rebuild its
security and technology environment in the cloud, the largest
investment in the company's 122-year history. Equifax continues to
maintain a focus on investing in the very best processes,
technology, and capabilities in order to defend against future
threats and protect its customers and consumers.
"When I joined Equifax in 2018, I made a personal commitment to
build a culture where security is a part of our DNA and to
establish Equifax as an industry leader in data security," said
Mark W. Begor, Chief Executive
Officer, Equifax. "Our $1.5
billion investment to transform and rebuild the foundation
of our business was designed with security at its core. Our
Equifax cloud-native security program enables us to provide
unparalleled customer engagement with confidence, and it is a
critical factor to our record business outperformance in 2020 and
in Q1 of 2021."
A key part of the report shows how Equifax compares to financial
services benchmarks for security maturity, cybersecurity posture,
and employee security awareness, among other things. This
benchmarking gauges progress on how well an organization adapts to
and manages cyber risks over time. Equifax exceeds financial
services industry benchmarks in more than one category.
Led by CISO Jamil Farshchi, who joined Equifax in 2018, Equifax
operates with a leading team of security experts who have
successfully established a security-first culture and built trusted
relationships with its customers and partners worldwide.
"We hope that by sharing the details of our own security
transformation, this report can serve as a blueprint to help others
develop stronger security practices," said Jamil Farshchi, CISO, Equifax. "We only win in
cybersecurity by working together, learning from each other, and
building a collective defense."
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employers, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by more than 11,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com
FOR MORE INFORMATION
mediarelations@equifax.com
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SOURCE Equifax Inc.