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(Image: file photo)
Equifax spent $87.5 million in the third quarter on its recent data breach.
The disclosure, which came amid an earnings report that showed revenue growth of 4 percent to $834.8 million and net income of $96.3 million.
In other words, the data breach affecting 145 million Equifax customers dented the cash cow, but certainly didn’t kill it.
Related stories: Massive Equifax data breach exposes as many as 143 million customers | Equifax ex-chief admits responsibility ‘starts at the top’ for devastating data breach | Equifax’s credit report monitoring site is also vulnerable to hacking | Equifax exposes credit services’ woeful IT, processes, security | Equifax chief executive steps down after massive data breach | Equifax confirms Apache Struts security flaw it failed to patch is to blame for hack
As for the data breach costs, $55.5 million was spent on product, $17.1 million on consulting fees and $14.9 million on consumer support.
Equifax added that it incurred $4.7 million through September 30, and “have estimated a range of additional costs between $56 million and $110 million.”
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