How Equifax Shaped the Future of Cybersecurity in 2022

March 23, 2023

EQUIFAX REMAINS COMMITTED TO INDUSTRY LEADERSHIP IN SECURITY. In 2022, the company achieved multi-cloud environment security parity; established tiered control priority and risk-based reporting for its acquisition processes; expanded its personalized Security Scorecards to include Equifax contractors; earned U.S. Health Insurance Portability and Accountability Act (HIPAA) compliance for two key environments; and obtained Secret Facility Security Clearance from the Government of Canada.

“The 2022 threat landscape presented challenges none of us can solve alone,” said Jamil Farshchi, Executive Vice President and Chief Information Security Officer of Equifax, who recently released the company’s 2022 Security Annual Report. “Our answer to this is partnership. Equifax has established a bold vision to address some of security’s most intractable challenges and worked cooperatively over the last year to shape security behaviors, technologies and practices alongside the security vendor community, government agencies, nonprofits, peers and leaders in board of directors governance.”

The Report showed that, for a third-consecutive year, the maturity of Equifax’s cybersecurity program exceeded every major industry benchmark, according to a leading global research and advisory firm. Additionally, a leading cybersecurity reporting service found that Equifax's security posture ranked in the top one percent of Technology companies and top three percent of Financial Services companies analyzed.

The Report also highlights Equifax’s emphasis on security collaboration and transparency in 2022:

  • Co-innovating with vendors to bring training, supply chain security, governance and authentication solutions to market that drive the entire industry forward.

  • Advancing public-private cooperation by engaging with legislators, government agencies, NGOs and regulators including the Federal Bureau of Investigation, the Bipartisan Policy Center, the Costa Rica Cyber Security Cluster and Chilean Cybersecurity Alliance.

  • Sharing Equifax’s board partnership blueprint with members of organizations such as the National Association of Corporate Directors, the New York Stock Exchange (NYSE) Board Advisory Council and the EY Audit Committee Network.