Equifax’s failure to fend off hackers, who accessed the personal and financial information of 143 million Americans, has doomed the credit-reporting company, a technology attorney predicts. New York City-based technology law expert Mark Grossman told CNBC that he doesn’t see how Equifax could recover from the massive data breach. “We’ve seen a $6 billion loss in market cap, estimated losses from these breaches in excess of $20 billion,” he said in an interview on CNBC’s program “Closing Bell.” “This is ugly. The facts are still unfolding. It’s going to get worse. … We’re pointing to a bankruptcy. We’re pointing to ... Read More
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