If you haven’t heard of Equifax’s recent data breach, you have not been paying attention. On September 7, 2017, Equifax, one of America’s three big credit reporting agencies, announced a data breach that compromised the Personally Identifiable Information (“PII”) of 143 million Americans, 200,000 credit card numbers, and the personal data of hundreds of thousands of Canadian and U.K. citizens. This article will not delve into the various instances of bungling, potential insider trading, potential fraud, and overall incompetence that has plagued Equifax during this debacle, or the specifics of the Equifax breach, as that has been well-documented elsewhere.

The main question that must be answered is:”How much Equifax will have to pay as a result of lawsuits (consumer & government), increased cybersecurity personnel, hardware, and software, and ongoing regulatory and monitoring costs?”.

For purposes of this article, I will exclude the recurring regulatory and monitoring cost estimates as regulations and legislation have not occurred at this time, but rest assured they will number in the tens of millions annually at least.

I firmly believe that costs associated with this breach will be above $1 billion, and as this nightmare unfolds the stock will continue to drop over the next 12 to 18 months.

In order to estimate costs associated with the Equifax breach, I will be reviewing..…………………READ FULL COLUMN



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