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Equifax's new head of cyber enjoys direct line to CEO, board

Equifax looks to write the ship on cybersecurity
Illustration: Sarah Grillo/Axios

A year ago, Equifax got hit with a data breach of historic scale: the Social Security numbers for nearly 150 million people. Jamil Farshchi’s job as the credit-rating firm’s new chief information security officer (CISO) is to rebuild Equifax’s defenses.

The state of play: Farshchi says Equifax has “taken a stand” on cybersecurity and is spending whatever it needs to, with "basically...an open checkbook." But key to the turnaround, or to any security regimen, he said, is something any company can do for free: have the CISO report directly to the CEO and the board of directors.