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Equifax just became the first company to have its outlook downgraded for a cyber attack

Kate Fazzini

Equifax's breach in 2017 will have a lasting effect on the company's security spend and infrastructure costs, Moody's said. Moody's has just slashed its rating outlook on Equifax , the first time cybersecurity issues have been cited as the reason for a downgrade. Moody's MCO lowered Equifax's outlook from stable to negative on Wednesday, as the credit monitoring company continues to suffer from the massive 2017 breach of consumer data .