Of course not, The Federal Government gave them a "Bail Out".
Equifax Q3 results: Not as bad as you might have hoped – hack only cost biz about $87m
Equifax's latest financials lay bare the costly fallout from the embarrassing security breach that exposed 143 million customers' privates in the US and 15.2 million records in the UK. Calendar Q3 numbers for the three months ended 30 September - the latter being the same month the company 'fessed up to the mega leak - include …
COMMENTS
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Saturday 11th November 2017 15:05 GMT Anonymous Coward
3.2% of turnover so almost in line with the proposed penalty under the GDPR . It seems that bothers them hardly at all.
I also noted that they were able to net the costs of their own incompetence off against their tax bill. That doesn't seem right, although I'm not sure there's much that can be done about it.
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Monday 13th November 2017 11:28 GMT SAdams
Of course once its live, GDPR will be on top of costs incurred responding to the breach.
You would expect something like this (where both prevention and handling were so poor) to be close to the 4%. So companies should probably look at a potential 8% of turnover cost for data breaches.
I’m fairly sure Equifax could still be fined by various governments under existing legislation if they chose to.
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Friday 10th November 2017 16:44 GMT Lysenko
Equifax customers buy their services specifically because they want to invade your privacy and rifle through your financial, residency and employment history (plus anything else they can get their hands on) so I therefore find it unsurprising that they don't really give a damn about wider privacy breaches. Many of these organisations (e.g. Insurance companies) already openly engage in racial and sex discrimination
and would cheerfully DNA profile you and share the results amongst themselves given half a chance.
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Friday 10th November 2017 17:30 GMT CAPS LOCK
This is all very well, but it isn't jut the plebs who's information has been leaked...
...Congressmen and Senators too, so I don't see the Gubmint bending over backwards to help out. In fact I see a Chapter something-or-other bankruptcy down the road. No doubt the astonishing bankruptcy laws of the good ol' USA of America will be used to protect the guilty. See Federal Mogul vs The People of Armley for more details of how these things work.