Cybercrime hits businesses where it hurts. While stolen cash leaves a hole, a damaging data breach brings a reputation that can take years to shake off. In 2017, when hackers struck Equifax, one of the big three consumer credit reporting agencies, the details of more than 147 million people were compromised. Highly sensitive, personal data relating to nearly half the US population fell into the hands of criminals. What truly alarmed investors wasn’t just the breach itself but evidence of a failure to patch a known vulnerability, along with executives selling shares after discovery but before public disclosure, and widely…
