09 Sep Equifax Breach Response Criticisms Send Shares Tumbling
Posted at 10:52h
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Equifax Inc. (EFX.N) shares slid as much as 18% last Friday as customers and experts railed against the credit reporting agency’s response to the massive data breach that compromised sensitive personal data of approximately 143 million Americans.
Even though the hack is smaller in scale compared to that of Yahoo’s last year, it is being subjected to greater scrutiny and attention due to the “richness” of information that got exposed, which include social security and driver’s license numbers.
Reports have revealed that class action suits have already been filed for Equifax’s alleged negligence in protecting their customer’s data.
Source: Reuters
