“This is a Category 5 storm for the board,” said Bart Friedman, a senior counsel at Cahill Gordon & Reindel LLP who advises corporate directors on compliance matters. “If they knew about the breach and waited to make it public, they will be criticised for not exercising appropriate oversight. If they did not know about it, they will be criticised for being out of touch and not demanding the reporting expected of public company management — let alone a company with Equifax’s mission.”
via Equifax leaders blasted over handling of massive security breach | Bloomberg
