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Screenshot 20211204 132733 drive

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Conclusion In the quarter following the breach announcement, Equifax's profits fell by 27 percent year-over- year. It immediately faced nearly $90 million in breach-related costs, 240 consumer lawsuits, separate investigations by the FTC, CFPB, SEC, and British and Canadian regulators, and requests for information about the breach from all 50 U.S. state attorneys general. 94 The damage to the company had been severe. Equifax, however, was not alone in suffering from malicious cyber activity. Over the course of 2017, the FBI received reports of data breaches from 3,785 different corporate victims across the U.S.95 Furthermore, the IT company Cisco found that 55 percent of the 3,548 organizations it ...
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