Equifax Informative Speech

Friday, October 1, 2021 2:55:42 PM

Equifax Informative Speech



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Equifax data breach

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Civilians live with the stress and the fear of getting kidnapped by a drug gang. Children are getting dragged into the horrible world of drugs and gangs from very young ages. There may be other solutions more peaceful than a war. Compounding the problem is the advent of the digital age, which introduces the internet and cyberspace. These two technologies alone provide boundless avenues for committing illegal activities within the criminal element of the population.

From time, immemorial, criminals have been a part of the fabric of every society and come from every walk of life. From petty thieves to human traffickers, they are able to weave and blend into society in such a way as to go virtually unnoticed by their neighbors for some, while others are well known and recognized wherever they. With all the technologies that man has given us, we should be able to stop these kinds of crimes right?

Technology has not stopped the expansion of child slavery and child exploitation, but has helped it grow to new heights. Sex slavery is not the only thing, but child slavery as well. There are millions of websites that offer these horrific services found all over the internet not just on the darknet. An example of a website that offers these horrendous crimes would be backpage. Lisa Kramer CIS — Information Technology in Criminal Justice July 19, Crime has been around for many, many years; anything from rape, murder, extortion, theft, illegal drug activity and more.

Then along came our introduction of computers. This was a new technology that almost everyone was curious and excited about. Computers brought about a new generation of crime called cybercrime. No one would ever imagine the new crimes that would arise from this great technology and how it would affect the lives of society and our government for many years to come. Although there are many cyber-crimes, the four major categories of computer crimes are: the computer as a target, the …show more content… Using confidential information from customers, human resources and security information are also forms of using computers as an instrument.

Computer intruders can alter information when shopping online. Computer fraud takes place when the intruder purchase merchandise online and alters prices before submitting it for payment. Some of the merchant programs can catch this but there are some that do not. Cyberstalking can include sending emails containing threats. I recently remarked upon the history of the American corporate form, and I would like to start my talk tonight there, as well. From the lates to the mids, corporations started to flourish in the United States.

Beginning in the mids, however, companies started growing larger and the corporate form changed. While this transition created certain efficiencies, [7] it also in many cases separated the ownership of the company from the management of the company. A lot has happened since the mids, and we are now at a tipping point. Instead of being in the midst of an industrial revolution, we are in the midst of a digital revolution.

This new revolution comes with many benefits—speed, efficiency, and innovation, to name only a few. Coupled with these benefits, however, are also some risks. I think if we focus on the strengths of the American corporate form, we can successfully reimagine the corporation-shareholder relationship for the Digital Age. I would like to discuss a few examples of how, in modern corporate governance, the concept of mutualism can help us think through the path forward for corporations, their shareholders, and the larger corporate ecosystem.

As we all know, the digital transformation is providing both companies and shareholders with tremendous opportunities. However, one of the biggest challenges facing corporations and their shareholders, their employees and consumers, and our economy as a whole, is cybersecurity. Shareholders have been out front advocating for more information on company practices relating to cybersecurity. Unfortunately, corporate disclosures are far from robust and largely consist of boilerplate language that fails to provide meaningful information for investors. While companies and shareholders agree that cybersecurity is one of the most prominent corporate issues of our time, it is unclear why companies are not doing more to implement robust cybersecurity frameworks and to provide meaningful disclosures regarding the risks of data loss.

Companies and their intermediaries tend to view cyberthreats as a technology problem instead of, more appropriately, a business risk. As we have seen time and time again, cybersecurity, and the related threats of unintentional loss of data, is a governance challenge for all of us, and it requires a change in culture and approach. Many shareholders seem to understand this and have been urging, and continue to urge, companies to engage. Regulators are certainly not immune from facing these challenges.

Once he was informed, Chairman Clayton immediately launched an investigation into the breach and has focused the Commission and the staff on improving our risk management framework. Companies, their managers, their boards, as well as their regulators, all need to do a better job in recognizing and addressing the significant risks that can result from the loss of data. Breaches of security measures can result in theft, reputational harm, or the loss of intellectual property.

Simply put, the unintentional loss of data may have material effects on companies. Slowly, regulators around the globe are stepping up to the challenge of issuing data protection laws and regulations. The approach to these issues continues to evolve with the changing landscape. We at the Commission have not yet adequately pressed forward. To be sure, some companies are focused on cyberthreats and recognize their potential economic threat. But companies need to do more than simply recognize the problem. They need to heed the calls of their shareholders and treat cyberthreats as a business risk. Corporations and shareholders will both benefit from greater transparency and focus on the risks related to unintended data loss and the collateral consequences.

The composition of corporate boards provides another example of how the concept of mutualism is informative. Boards can and should be a bridge to investors, but too often they are a wall. Board composition is vitally important as directors play a meaningful role in helping companies make productive investments and good decisions going forward. Gender diversity on boards provides a notable example. This is not about making people feel good—it is about dollars and cents. Studies suggest that women may be better monitors of executives, a central function of boards of directors.

Despite all of this, gender diversity on boards remains elusive. More striking still, it is not just academics and think tanks that support gender diversity on boards. Shareholders, too, expect the companies they own to have diverse board membership. For example, State Street Global Advisors [30] and BlackRock [31] have adopted policies or guidance with respect to increasing gender diversity on boards, and indicated their willingness to use their voting power to effect change, if necessary.

Yet, despite the documented benefit of diverse boards, many board members do not believe that board diversity enhances company performance. Although we have come a long way since the 18 th Century, we still have a long way to go. How can technology help this process? Can it be used to better connect a company and its board with its shareholders? How can a corporation capitalize on mutualism and benefit from the best ideas of its shareholders for the benefit of all? As owners of a company, shareholders actually care about corporate practices of all types and how they affect the bottom line—from strategic plans to employee relations to executive compensation, and much more. Search form Search. Identity Theft. Share this page Facebook Twitter Linked-In.

Recovering from Identity Theft Is someone using your personal information to open accounts, file taxes, or make purchases? Data Breach? Lost Info? Protecting Your Identity What can you do to keep your personal info secure? Free Identity Theft Resources Free booklets — in English and Spanish — can help people in your community protect their identity and recover if an identity thief strikes.

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