September 8, 2017
Shares of Equifax plunged on Friday, after the credit reporting company said it suffered a data breach. As many as 143 million customers, about half of the U.S. population, may have been affected. The company created a website to help users check whether they were victims of the hack, but Axios' Deputy News Editor Alexi McCammond points out the site makes users waive their right to take part in any class action lawsuit that may arise and says that puts Equifax is in hot legal waters. Jeremy Owens, Technology Editor for MarketWatch, adds that the optics of how Equifax handled the fallout are not good. Owens says the consumer credit reporting company could lose $300 million in the fallout from this cyberattack.