Equifax Says Cybersecurity Breach Has Cost $1.4 Billion

Emma Hurt reports:

Equifax, the Atlanta credit bureau, revealed in its earnings release Friday that dealing with its 2017 cybersecurity incident has cost about $1.4 billion plus legal fees.

A year and a half ago, the company, which gathers consumers’ credit histories, revealed a massive security breach compromised the personal information of about 150 million people.

The hack itself happened nearly two years ago, between May and July of 2017, a few months after the Department of Homeland Security informed the company of a software vulnerability.

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