Equifax is tumbling after a top Senator asks for an FTC probe into the company
Thomson Reuters
Equifax shares are tumbling after Senator Mark Warner (D-Va) asked the Federal Trade Commission to investigate the recent hack that impacted more than 143 million Americans, as well as the company's cybersecurity practices.
Shares of the credit company are down 7.53% on Wednesday after news of Senator Warner's request crossed the wires. They have fallen about 23% since news of the hack was first released released on Thursday.
The names and Social Security numbers for millions of Americans were hacked earlier this summer, but the hack wasn't disclosed until last week. Credit card numbers and other documents were also leaked, but for a smaller group of citizens.
Equifax shares are down 8.81% this year.
Click here to watch Equifax stock price move in real time...
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Audi to hike vehicle prices by up to 2% from June
- Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
- Rupee falls 6 paise to 83.39 against US dollar in early trade
- Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema