As consumers in North America and the U.K. worriedly typed their names and Social Security digits on Equifax's "Checking Potential Impact" site, ordered credit freezes and considered more stringent cyber-defense steps, they reached the same grim realization that leading cybersecurity consultants have been drumming into corporate boards and executive teams:
So this is how it's going to be.
Until recently, far more companies suffered far greater and more enduring damage from cyberattacks than many consumers—including some of those who sit on corporate boards—understood. If there can be a silver lining to the recent spate of crippling cyberattacks on companies and consumers this year it is that they have raised awareness of this strategic risk while sparking crash courses in cybersecurity training and education. As consumers learn about unfreeze PINs and IRS Form 14039, boards and executive teams have been boning up on fourth-party data security risks, NYDFS requirements, super-user access management and next-generation security operations centers.
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