|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||125.51 - 126.87|
|52 Week Range||89.59 - 147.02|
|PE Ratio (TTM)||29.28|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||1.56 (1.21%)|
|1y Target Est||128.77|
Incremental costs incurred related to the cybersecurity incident are likely to weigh on Equifax's (EFX) bottom line in second-quarter 2018.
ATLANTA, July 20, 2018 /PRNewswire/ -- Equifax Inc. (EFX) has named Paulino do Rego Barros Jr. to serve as President of United States Information Solutions (USIS), replacing Trey Loughran who has announced he is leaving the company to pursue a new opportunity. Barros, who has held multiple senior leadership roles within the company, will be responsible for leading one of the largest business units within Equifax, with estimated revenue of $1.3 billion. USIS leverages unique data assets, technology, analytics, and expertise to create unparalleled insights to help both businesses and consumers make more informed financial decisions.
Kathy Kraninger on multiple occasions mentioned the falllout from the hack of Equifax during her confirmation hearing.
ATLANTA , July 19, 2018 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) will release its financial results for the second quarter ending June 30, 2018 in a press release to be issued on July 25 after market close. ...
A cybersecurity breach last year may have exposed the personal information of over 550 Sacramento city employees and individuals who applied for jobs with the city, according to a letter obtained by the Business Journal, which was confirmed by city officials. The Oct. 6 breach prompted city officials to draft several letters to notify people who were potentially affected. The letters stated that an “unknown source” breached a city computer and had access to data containing personal information on the machine.
Inc., some corporate boards and chief executives are more willing to approve budget requests from cybersecurity leaders. The hope is that if more money is funnelled into cybersecurity tools and personnel, these companies can avoid an incident like the one revealed by Equifax in September 2017, in which sensitive data about 147.9 million people was compromised. “It’s the wrong approach to say, ‘Here’s a blank check, tell us what you need and we’ll buy it,” said Mr. Stender, who oversees cybersecurity as well as disaster recovery, fraud and physical security for the Buffalo, N.Y., lender.
The buyout of DataX is expected to enhance Equifax's (EFX) core credit database, thereby increasing credit accessibility in underbanked areas.
With the Equifax (NYSE:EFX) leak and the discovery of Russian interference in the 2016 presidential election as a few notable catalysts, the matter of cybersecurity has been thrust into the national spotlight. According to research from Gartner, worldwide enterprise security spending is projected to total $96.3 billion in 2018, representing an 8 percent increase from 2017. This sentiment was echoed on Thursday by Goldman Sachs (NYSE:GS) analyst Arjun Menon, who forecasts 9 percent growth in cybersecurity revenue, 3 percent higher than expectations for the broader tech market.
ATLANTA , July 16, 2018 /PRNewswire/ -- Equifax Inc, (NYSE: EFX) a global information solutions company, announced today that it has acquired DataX, Ltd, a leading specialty finance credit reporting agency ...
To be sure, carpet bombing works well at certain stages of the stock market’s cycle, particularly when prices are rising strongly and individual stocks’ correlations with the overall market are high. The newsletter at the top of my performance scoreboard for year-to-date performance — The Turnaround Letter, edited by George Putnam — expects the second half of this year to be more of the same. In the latest issue of his newsletter, Putnam forecasted that “2018 will produce about a 6% full-year return while exhibiting higher volatility than in recent years.” That translates into a 1.9% increase in the S&P 500 from current levels.
Nine months after its huge loss of consumer data, Equifax (NYSE:EFX) stock has recovered most of its loss and people have moved on. Since then, Equifax has given compensation to some of the most persistent victims while fighting others in court.
Stock Research Monitor: EZPW, EFX, and MGI LONDON, UK / ACCESSWIRE / July 9, 2018 / If you want a free Stock Review on LC sign up now at www.wallstequities.com/registration . Pre-market today, WallStEquities.com ...
A cybersecurity ETF has returned 31 percent since the Equifax data breach last year, double the return of the S&P 500. Companies in the fund include Palo Alto Networks, Fortinet, FireEye, Juniper Networks, CyberArk Software, Symantec and Cisco. Gartner recently projected cybersecurity spending to climb 7 percent to $93 billion this year compared with $86.4 billion in 2017.
Last year Equifax Inc. discovered that it had suffered a massive data breach, and then waited a month before publicly disclosing that breach. In between the discovery and the disclosure, three senior executives—senior enough that they have to report their stock trading in the Securities and Exchange Commission filings—sold stock, avoiding losses when the stock fell after the disclosure.
If you have any passing interest in bitcoin, you’ll know that the virtual-currency market has seen better days. The original blockchain-reward token fell worryingly below the $6,000 mark recently, setting fears about additional selloffs. That said, I believe the current juncture offers a shrewd opportunity to consider alternative cryptocurrencies to buy.
From time to time Amazon.com Inc. will announce that it is going to start doing a thing, and the stocks of other companies that do the thing will drop on the assumption that Amazon will eat their lunch. Amazon, the reasoning goes, is big and smart and good and efficient at doing things, so it will probably be able to out-compete the incumbents. Also Amazon is strikingly good at training investors to allow it to do things without making money on them, so it can undercut the incumbents’ margins by just doing the thing for free.
A former manager at Equifax Inc. is facing civil and criminal insider-trading charges related to the credit-reporting company’s wide-reaching data breach last year. The Securities and Exchange Commission accused Sudhakar Reddy Bonthu, who was a software engineering manager at Equifax, of trading on nonpublic information he received while creating a website for users affected by the breach. In addition to the civil charges from the SEC, Mr. Bonthu also faces criminal charges from the U.S. Attorney’s Office for the Northern District of Georgia.
The consumer credit reporting agency’s former employee Sudhakar Reddy Bonthu pleaded not guilty to charges of securities fraud at a federal courthouse in Atlanta Thursday. Court documents reveal that the former software development manager at the Atlanta-based company is being accused by the U.S. government of using non-public, insider knowledge of the Equifax data breach to make a profit of more than $75,000 off of trades made in September 2017.
Corporate boards, chief executives and cybersecurity specialists are reassessing how they handle sensitive information and respond to potential cybersecurity incidents as they head into the second half of 2018. Other companies are reconsidering whether CISOs should report to the board, the CEO or other technology executives. Externally, companies including Options Clearing Corp., a Chicago-based equities derivatives clearing organization, have sought to address hardware vulnerabilities reported this year that have affected routers, processing chips and other third-party products across the technology industry.
A former software developer for Equifax faces insider trading charges related to the company's massive data breach last year, federal prosecutors in Atlanta said Thursday. Sudhakar Reddy Bonthu, 44, used nonpublic information to determine Equifax had been breached last year before any public announcement and then bought put options that he exercised for a profit of more than $75,000 after the breach was announced, according to a court filing. Bonthu is the second former employee of the Atlanta-based credit reporting company to face insider trading charges related to last year's data breach.
Federal prosecutors in Atlanta announced the charges against Sudhakar Reddy Bonthu, who was among the employees given the task of assisting in the company's response to the breach. It is the second time prosecutors have charged an Equifax employee with profiting by trading on confidential information related to the cyber attack before the company disclosed the data breach last September. "Bonthu allegedly took advantage of his position to profit while members of the public were unaware of the data breach at Equifax," U.S. Attorney Byung Pak said in a statement.
A former Equifax Inc software development manager was charged on Thursday with insider trading before the credit reporting company disclosed a cyber attack that exposed the personal data of about 148 million people last year. Federal prosecutors in Atlanta announced the charges against Sudhakar Reddy Bonthu, who was among the employees given the task of assisting in the company's response to the breach. It is the second time prosecutors have charged an Equifax employee with profiting by trading on confidential information related to the cyber attack before the company disclosed the data breach last September.
A former Equifax employee has been charged with engaging in insider trading ahead of the credit agency’s disclosure of a massive data breach last year. On Thursday, the SEC and federal authorities in Atlanta announced they were filing charges against software development manager Sudhakar Reddy Bonthu. The US Securities and Exchange Commission said Mr Bonthu, 44, traded on confidential information he received while creating a website for consumers impacted by a data breach at Equifax.
Here’s a quick wrap up of other headlines making news today.