Equifax CISO Jamil Farshchi’s three-act, ‘shared fate’ security plan

Even in normal times, credit reporting agencies are never among the world’s most admired companies. So it’s easy to see why Equifax’s brand reputation has suffered immensely thanks to the massive breach that saw information on 148 million people taken from the company and two former executives charged with insider trading. New Equifax CISO Jamil Farshchi is working to overcome the “visceral” reaction he’s witnessed post-breach. A veteran of massive rehabilitation efforts via his time spent as CISO at Home Depot, Farshchi is embarking on a plan to move Atlanta-based Equifax beyond its security lapses to a position where the company is actually seen as security leader. In an exclusive interview with CyberScoop, Farshchi describes his “three-act plan” to secure Equifax, which includes having the entire company understand that cybersecurity doesn’t fall to the IT division. “Security isn’t just security’s job,” he said. “Everyone needs to feel it through and […]

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Equifax names Home Depot infosec lead as new CISO

Home Depot Chief Information Security Officer Jamil Farshchi has been hired for the same position at Equifax, the credit monitoring company announced in a press release on Monday. Farschi was hired in 2015 as Home Depot’s CISO, a new position at the time, months after the home improvement retailer suffered its own data breach of 56 million credit cards. He also previously served as CISO for Time Warner and global vice president for information security at Visa. Equifax suffered a massive data breach in 2017 that exposed the personal data of 145.5 million people. The company’s chief information officer and chief security officer retired a few days after Equifax publicly disclosed the breach in September 2017. The CEO followed suit shortly after. At Equifax, Farschi “will assume company-wide leadership of work already underway to transform the company’s information security program, and collaborate with the industry to share best practices on information security,” the […]

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