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

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Data breach started in May 2017 but the company only discovered it in July 2017
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Data breach started in May 2017 but the company only discovered it in July 2017

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 that Moody's...

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