Moody's downgrades Equifax's rating outlook over 2017 cyberattack

clock • 2 min read

Equifax's cash flow has declined drastically because of the heavy IT and legal expenses stemming from the cyberattack

Credit ratings agency Moody's has downgraded Equifax's rating outlook from stable to negative over the 2017 data hack that caused huge financial losses to the company. This is the first time tha...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Santander hack: Hackers offer confidential data for sale

Hacking

ShinyHunters claims to have credit card numbers for 28 million individuals

clock 03 June 2024 • 2 min read
MoD hack: IT contractor concealed major hack for months

Hacking

SSCL was reportedly awarded a contract worth over £500,000 in April, despite the breach occurring weeks earlier

clock 13 May 2024 • 2 min read
Equifax hit with £11m fine for 2017 breach

Compliance

Small potatoes for a breach affecting 14 million UK citizens

clock 15 October 2023 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Security

Microsoft June Patch Tuesday has fixes for Windows, Outlook and SharePoint

Microsoft June Patch Tuesday has fixes for Windows, Outlook and SharePoint

A relatively quiet month

John Leonard
clock 12 June 2024 • 2 min read
Cloud encryption rates are disastrously low, research

Cloud encryption rates are disastrously low, research

Come on in, the door's open

John Leonard
clock 05 June 2024 • 2 min read
Remote working: We're on top of defending WFH, say IT leaders

Remote working: We're on top of defending WFH, say IT leaders

'Security has been moved to devices rather than offices meaning all have the same protections'

John Leonard
clock 31 May 2024 • 3 min read