The 2017 Equifax data breach at the company affected more than 143 million people worldwide
US court rules that Equifax can be sued for data breach which exposed personal details of about 147 million people
The lawsuit alleged that Equifax should have known by March 2017 that a security vulnerability existed in computer code but it failed to patch or upgrade its software.
Stocks of social media companies such as Facebook, Twitter, and Snap take a hit over concerns of potential regulation
With concerns that Facebook’s handling of users’ data would lead to stepped up government regulation, Twitter slumped 9.0 percent.
Last year, UK consumers spent over £1.2 billion on Black Friday shopping alone; over the whole week period, it is thought to be more than £6 billion.
In March, federal prosecutors charged two Russian intelligence agents and two hackers with masterminding a 2014 theft of 500 million Yahoo accounts, the first time the US government has criminally charged Russian spies for cybercrimes.
Equifax disclosed in September that the data breach affected as many as 145.5 million U.S. consumers, and Smith has testified on the issue before three committees.
Equifax CEO to retire following the data breach that leaked personal details of millions of US citizens
Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach in US.
Equifax shares have shed almost a third of their value since the disclosure of the breach. Critics have questioned why Equifax took so long to discover and disclose the breach.
Equifax shares fell 5 percent to $94.19 in heavy trading after earlier touching $89.59, their lowest since February 2015.
Even amid disclosures of data breaches at a broad array of companies and government agencies in recent years, the Equifax hack stands out.