Hacking Whacks Stock At Equifax
Hacking whacks stock at Equifax
Shares of Equifax Inc. fell almost 14 percent Friday, a day after the company announced that hackers had gained access to names, addresses, Social Security numbers and some driver’s license numbers of potentially 143 million consumers.
One of the three biggest credit-reporting companies, Equifax generated $3.1 billion in revenue last year operating behind the scenes helping banks, insurers and employers assess people’s creditworthiness for loans, jobs and credit cards.
The incident is a stark reminder of the risk of consumers’ personal data being exposed online, security experts said. It’s particularly worrisome for the millions of people who trust credit-reporting agencies such as Equifax …