Equifax Taps Home Depot Exec For CIO Post

Equifax announced that it has named Jamil Farshchi as its new Chief Information Security Officer (CISO).

At Equifax, he will lead work that is already in progress after the company’s massive data breach that exposed the personal information of more than 145 million Americans. In addition, he will work with the industry to share best practices on information security.

“We are pleased to welcome Jamil to our team and confident that he possesses the talent and skillset needed to continue our journey toward developing industry-leading security practices and, ultimately, to help us regain trust with consumers and customers,” said Paulino do Rego Barros, Jr., interim Chief Executive Officer at Equifax. “Jamil has a reputation for helping enterprises rebuild and fortify information security programs. His expertise in risk intelligence and cybersecurity combined with his intimate knowledge of industry best practices will allow us to design and deploy a best-in-class, global security strategy to re-establish ourselves as a trusted leader.”

Farshchi, who will be based in Atlanta, previously served as CISO at The Home Depot. Before that, he was the first Global Chief Information Security Officer at Time Warner, as well as the Vice President of Global Information Security at Visa. He has also held senior roles at Los Alamos National Laboratory, Sitel Corporation, Nextwave Broadband, and NASA.

“Equifax is a company with tremendous potential, and I am confident that we will transform our security program into one of the most advanced and recognized globally,” said Farshchi. “I am grateful for this new challenge and am looking forward to enabling the business with new insights, a fresh perspective, and a multi-dimensional way of thinking about global data stewardship and information security. Together, we are going to do great things for consumers, customers, and employees alike.”

Farshchi will report to Equifax’s Chief Executive Officer.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.