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
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
PayPal: 35,000 customers breached in credential stuffing attack

Hacking

PayPal has reset passwords on all impacted accounts

clock 20 January 2023 • 3 min read
Uber CSO Joe Sullivan convicted of concealing 2016 hack

Law

Former security chief faces up to 8 years in prison for trying to disguise the breach as part of a bug bounty programme to avoid disclosure

clock 06 October 2022 • 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

IT Essentials: LockBit and load

IT Essentials: LockBit and load

They fought the law, and the law won - for now

Tom Allen
clock 26 February 2024 • 1 min read
Law enforcement takes down LockBit - updated

Law enforcement takes down LockBit - updated

NCA among the groups under 'Operation Cronos'

Tom Allen
clock 20 February 2024 • 2 min read
Microsoft's chief security advisor joins Cybersecurity Festival 2024

Microsoft's chief security advisor joins Cybersecurity Festival 2024

Sarah Armstrong-Smith will talk AI in security

Tom Allen
clock 19 February 2024 • 1 min read