{"id":1613,"date":"2018-05-03T16:25:46","date_gmt":"2018-05-03T16:25:46","guid":{"rendered":"http:\/\/www.blackopspartners.com\/?p=1613"},"modified":"2018-05-03T16:25:46","modified_gmt":"2018-05-03T16:25:46","slug":"exposing-145m-equifax-customer-deets-240m-legal-fees-28-9m-insurance-priceless","status":"publish","type":"post","link":"https:\/\/blackopspartners.com\/exposing-145m-equifax-customer-deets-240m-legal-fees-28-9m-insurance-priceless\/","title":{"rendered":"Exposing 145m Equifax customer deets: $240m. Legal fees: $28.9m. Insurance: Priceless"},"content":{"rendered":"
The Equifax mega-hack has cost the credit reporting agency well north of $200m to date, according to a financial filing for calendar Q1.<\/p>\n
In September 2017, Equifax ‘fessed up to a breach<\/a> that exposed the data of more than 145 million people.<\/p>\n The cost of the breach in the latest full quarter ended 31 March was $68.7m, taking the total expense to $242.7m.<\/p>\n This month’s layout includes some $45.7m spent on IT and data security, which covers both tech efforts \u2013 such as IT infrastructure, application, network and data security improvements \u2013 and the people hired to carry out the work.<\/p>\n The remainder was comprised of $28.9m spent on legal and investigative fees \u2013 to probe the incident and respond to various claims \u2013 and $4.1m on product liability costs.<\/p>\n Equifax clawed back some $10m from insurers in the quarter, taking the tally to $50m since the embarrassing incident. The company noted that it maintains $125m of cybersecurity insurance.<\/p>\n Despite the fallout \u2013 which has seen a former exec charged<\/a> with insider trading and long delays<\/a> in notifications for some British customers \u2013 the company reported revenue of $865.7m this quarter, up 4 per cent year-on-year.<\/p>\n