Former Equifax CEO Richard Smith -- who retired with $90m for his year's work after overseeing a breach of 145,500,000 Americans' most sensitive date -- testified before Congress yesterday and explained the cause of the breach: "The human error was that the individual who's responsible for communicating in the organization to apply the patch, did not."
During his testimony, Smith identified the company IT employee who should have applied the patch as responsible: "The human error was that the individual who's responsible for communicating in the organization to apply the patch, did not."
That didn't stop the committee from thrashing Smith and Equifax's failure to protect user data. Lawmakers pondered over how to prevent similar breaches in the future, but focused on the company's failure in what might be the hearing's iconic quote: "How does this happen when so much is at stake?" Rep. Greg Walden (R-Ore.) said to Smith. "I don't think we can pass a law that fixes stupid."
Former Equifax CEO blames breach on one IT employee
Well before the collapse of Bernie Madoff's ponzi scheme -- the largest in world history! -- accounting investigator Harry Markopolos had publicly accused Madoff of running a scam; now he says that General Electric is "one recession away" from bankruptcy, with a "balance sheet in tatters."
Nelsie writes, "Twitter user tweeting about inhuman conditions at Amazon warehouses gets brigaded by tag-team of warehouse workers who are paid to tweet about working at Amazon warehouses two days of the week."
Financial disclosures from Wework in support of its IPO reveal that the company loses almost $5,200/customer, and that it hemorrhaged $1.3B in the first half of 2019.
It’s a great time to be a maker. 3D printers are on store shelves for anyone to buy, and coder kits like Arduino and Raspberry Pi are letting kids as young as 9 or 10 dive into the Internet of Things. Here are a few examples of our favorite tech toys, all priced low enough […]
Want to make a hit? The right software is out there for anyone, but any music producer will tell you that finding the right sound can still take time and talent. Still, the right tools are a great shortcut, which makes this Synth & Sound Pack Bundle absolutely priceless. And now that it’s on sale […]
Let’s face it: People at the gym aren’t bragging about their headphones. If they were that great, they’d be listening to them instead of talking about them. So while we’re sure those new PowerBeats Pro earbuds are something special, why would you shell out $250 for a tiny pair of speakers when comparable ones are […]