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Exactly. The costs to EFX will likely be <$100M all out, after all the torch-waving and yelling. Equifax net profit in 2016 was $488M. Longer term, this is act
by yborg 9y ago
Exactly. The costs to EFX will likely be <$100M all out, after all the torch-waving and yelling. Equifax net profit in 2016 was $488M.
Longer term, this is actually quite possibly revenue-positive for Equifax - they will trick a non-inconsiderable number of people into signing up for their credit monitoring service, and everyone who wants a credit freeze gets to pay $10 (in Illinois at least). That's $1.45B in potential revenue right there! Once Transunion and Experian see the success of this ploy, they may have strangely poorly secured border networks of their own set up invitingly for the retail hacker...