Fourth Annual Report Highlights Company's
Continued Security Leadership and Commitment to Collaboration in
Cybersecurity
ATLANTA, March 21,
2024 /PRNewswire/ -- Equifax® (NYSE: EFX) today
released its 2023 Security Annual Report, documenting the company's
continued commitment to security leadership through constant
adaptation and proactive protection. The fourth annual report
outlines how Equifax increased efficiency, reduced friction and
strengthened continuous controls governance across its internal
security program, while also collaborating externally for the
benefit of consumers, customers and other organizations.
"As we leverage our new Equifax Cloud™ capabilities, single data
fabric, differentiated data and EFX.AI Artificial Intelligence
capabilities to drive new product innovation for customers and
consumers, trusted data stewardship, enabled by strong
cybersecurity, is more important than ever," said Mark W. Begor, CEO of Equifax. "We are committed
to being an industry leader in cybersecurity and continue to
prioritize communication, collaboration, and transparency, helping
shape the future of cybersecurity to strongly protect our
organization, while simultaneously moving the whole industry
forward."
Over the past year, Equifax kicked off its journey to
passwordless logins; developed an assessment process for state
compliance frameworks; enhanced its employee security scorecards;
established quantifiable and continuous security risk scoring; and
reduced times for threat hunt analysis, security operations center
responses and data loss prevention support ticket processing.
"The ingenuity, speed and variety of cyber attacks staged in the
last year — ranging from rudimentary to sophisticated — underscore
the scope and scale of the fight we're in as cyber defenders," said
Jamil Farshchi, Chief Information
Security Officer and Chief Technology Officer of Equifax. "We're
winning that fight through our commitment to constant improvement
and quick adaptation."
The maturity of the Equifax cybersecurity program, which
represents how well an organization can adapt to cyber threats and
manage risk over time, increased again in 2023, outperforming all
major industry benchmarks for a fourth consecutive year, according
to a leading global research and advisory firm. Additionally, a
leading cybersecurity reporting service found the security posture
of Equifax — which reflects an organization's readiness and ability
to identify, respond to and recover from security threats and risks
— continues to exceed Technology and Financial Services industry
averages.
The Report also highlights how Equifax expanded its external
collaboration, making the company's cybersecurity practices
available for the benefit of other organizations, including:
- Partnering with the Costa Rican National Training Institute and
Ministry of Technology to launch a free nationwide cybersecurity
awareness course.
- Open-sourcing the Equifax security and privacy controls
framework, which has since been accessed by more than 7,000 users
in 95 countries.
- Helping the security compliance community minimize efforts and
costs by sharing patterns that simplify compliance for systems
regulated by Payment Card Industry Security Standards Council (PCI
SSC).
To view the full 2023 Security Annual Report, please visit
Equifax.com.
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 nearly 15,000 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
Ben
Lord for Equifax
MediaInquiries@equifax.com
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SOURCE Equifax Inc.