Cybersecurity
Equifax Is Haunted By Its Costly Cyber Attack
- Company says it faces more than 240 class-action suits
- Third-quarter firmwide revenue misses analysts’ estimates
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Equifax Inc.’s massive data breach is proving costly.
Extra spending on security and lawyers in the wake of the hacking helped push third-quarter operating expenses to the highest on record, the Atlanta-based company said Thursday in a statement. The company also said it’s facing more than 240 class-action lawsuits and more than 60 regulatory or governmental inquiries.