Equifax Backed Out of Public Investor Presentation After BreachBy
Equifax Inc., the credit-reporting company that disclosed one of the biggest cybersecurity attacks in history last week, pulled out of a public presentation with investors on Monday.
The Atlanta-based firm decided not to participate in a discussion at Barclays Plc’s Global Financial Services conference to make more time for one-on-one meetings with investors, according to David Togut, an analyst at Evercore ISI.
“Investors are an important constituency and we intend to continue a high level of accessibility and participation in conferences,” Equifax said in a post on its website listing frequently asked questions about the cybersecurity incident, which may have exposed the personal information of more than 143 million people.
Equifax shares have dropped 21 percent since the breach was disclosed on Sept. 7, the biggest two-day drop since 1998. Togut said he views the decline as a buying opportunity.