MT 460 MT460 MT/460 Unit 8 – Ethical Reasoning Assignment

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MT 460 MT460 MT/460 Unit 8 – Ethical Reasoning Assignment

MT460 Unit 8: Ethical Reasoning Assignment Amy Murr Purdue Global University

Equifax’s Data Breaches
Equifax is a global analytics, data, and technology company that serves customers globally. It employs approximately 11,000 employees worldwide. Equifax helps to determine the creditworthiness of consumers in the United States.
They provide comprehensive performance inmodeling and validating reports to provide credit risks and helping consumers with credit recommendations.

Description

MT 460 MT460 MT/460 Unit 8 – Ethical Reasoning Assignment

MT460 Unit 8: Ethical Reasoning Assignment Amy Murr Purdue Global University

Equifax’s Data Breaches
Equifax is a global analytics, data, and technology company that serves customers globally. It employs approximately 11,000 employees worldwide. Equifax helps to determine the creditworthiness of consumers in the United States.
They provide comprehensive performance inmodeling and validating reports to provide credit risks and helping consumers with credit recommendations.
They partner with internal experts from a legal and compliance group, data and analytics groups, sales, technology, and product management and their innovations teams. Equifax models to provide strong customer support, timely delivery of in-debt documentation, increasing overall model transparency, and reduce model risk across the model lifecycle.
However, around October 2017 CEO of Equifax, Richard Smith was on trial testifying at the Senate Banking Committee hearing in Washington, D.C. He testified that in September it had been revealed that at one of the Equifax centers there had been what was claimed one of the biggest data breached ever in history. There were 145 million people whose information had been compromised.
The Credit rating firm Equifax, which makes money selling the sensitive andpersonal information to lenders and financial institutions around the world had the CEO, RichardSmith had since stepped down. Along with the now-former CEO, its chief information officer and chief security officer stepped down as well.
They claimed that Equifax had encountered a security breach from being hacked and that Equifax was aware of the system flaws that the hackers were able to take advantage of since March of the year in 2017. When the hack took place they claim that “the firm waited another two months before they decided to disclose the data breach had taken place.
The justice department reported that they were on top of the looking into whether the top executive of Equifax involved had actually committed insider trading of the sell from $1.8 billion in shares sold before the breach had disclosed”(The 10 Biggest Business Scandals of 2017, 2019).
The names, addresses, driver’s license numbers, dates of birth, and names of consumers were among the details that were hacked through this breach.

MT 460 MT460 MT/460 UNIT 8 – ETHICAL REASONING ASSIGNMENT

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