A few weeks ago, I warned investors not to hold on to shares of Equifax (EFX) after the company announced a massive data breach and the possibility of insider trading related to the event. Since then, Equifax shares have plunged significantly, as seen below, and some news reported late on Monday could make the situation even more complicated.
(Source: Yahoo! Finance)
Bloomberg has reported that Equifax learned about a major breach of its computer systems back in March, nearly five months before the major hack event that was publicly disclosed. The company says the March incident was not related to the hack that involved personal data, but Bloomberg says the breaches may have involved the same intruders.
