It seems some are serious about holding CEOs responsible.
Will insurance companies adopt a similar attitude? Their position will certainly make sense from a fiscal perspective. Why pay off when corporate negligence is the culprit?
Termination of the disgraced executive(s) doesn’t really help with the cost in cash and damaged reputation. Nor does it address the profound ignorance of Argentina Equifax using “Admin” as both the username and password. If you think something equally ridiculous doesn’t happen here, how do you feel about a local Chamber of Commerce warned some years ago not to use ‘password’ as their password; so they naively improved their network security to “password1”.
No one wants to be the poster child for carelessness. 143 million U.S. consumers were impacted by Equifax’s security failure.
How do you feel about this topic? Please share your thoughts…