Aftermath of the Equifax breach

(bright music)…- [Instructor] And now, the aftermath.…You now have a good understanding…of what happened during the Equifax breach…and the lessons that we can draw from that breach…and apply to security at our own organizations.…Now let's take a look at the impact…that this breach had on Equifax.…Equifax is a public company,…so we have some good insight into the financial impact…of the breach from their filings…with the securities and exchange commission.…Here's a look at the breach related expenses…that Equifax incurred in 2017…and during the first quarter of 2018.…

We see costs related to IT and data security,…products, professional fees, legal and investigative fees,…and liability.…These total up to almost…a quarter of a billion dollars in cash outlays.…And those numbers are only current as of March 2018.…There will undoubtedly be additional costs over time…that will push up the price tag for this breach.…Equifax did have insurance designed to protect them…in the event of a data breach, but it simply wasn't enough.…