Welcome

Equifax Breach a Year Later: Record Profits, Share-Price Revival

Sept. 7, 2018, 3:42 PM

Data breach? What data breach?

One year after Equifax Inc. disclosed a hack of its computers that shook the financial world, sparking an FBI review and slashing a third off the company’s share price in one week, investors and the public seem to have largely moved on.

The company, whose shares have recovered about 80 percent of the losses suffered in the plunge, will probably post a record annual profit next year. Equifax said there was no mass defection of clients after the breach put half the U.S. population’s sensitive personal information at risk, and congressional hearings have so far ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.