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Even if you only count the 2 months since Khosrowshahi learned about the 2016 hack, Equifax still took less time (6 weeks) to do its own secret investigation of
by hyperrail 9y ago
Even if you only count the 2 months since Khosrowshahi learned about the 2016 hack, Equifax still took less time (6 weeks) to do its own secret investigation of its hack and publish the results - and yet it was vilified by the public and press for its slow disclosure.
Plus, Khosrowshahi told Softbank about the ongoing investigation 3 weeks before the rest of us - while this information was important to Softbank, it would also be important to any other potential investor, and we do not know whether any others were indeed told about it.
- sillysaurus3 9y ago6 weeks really isn't a long time. They had to locate a pentesting firm that specializes in forensic investigation, schedule it, conduct it, then decide what to do. I know it's an unpopular opinion. But both Uber and Equifax took similar amounts of time.
- austenallred 9y agoUber had a new CEO stepping in and learning how to run the company from zero, and this was one of the many, many things he had to worry about; a threat that was reportedly neutralized. Equifax leaked the social security information and credit histories of an enormous number of Americans, when their main job is to keep it safe and available. It’s a little silly to compare the timelines. They’re just completely different.
- dzhiurgis 9y ago> learning how to run the company from zero Is handover a thing among CEO’s?
- dagw 9y agoDepends who equitable the split from the old CEO was. Is he retiring out of his own free will and handing over the company to trusted successor he helped pick or is he being forcefully ousted by the board after a massive bitter proxy battle.
- drchickensalad 9y ago> when their main job is to keep it safe and available. LOL. I don't think their incentives are in line with that at all. It may be what we want but then we're just lying to ourselves.
- mannykannot 9y agoFurthermore, it is not as if the breach had just been discovered: Uber had already investigated the issue to the point where it paid the blackmail, so I suspect the then chief of security and his staff already knew enough to make a responsible, if preliminary, disclosure - and to initiate the credit-monitoring program.