The Traderszone Network

Published in TZ Latest News 16 September, 2017 by The TZ Newswire Staff

Equifax Hack Slams Already-Struggling Store-Branded Credit-Card Lenders

Equifax’s disclosure that hackers had absconded with the personal data of 143 million Americans after exploiting a vulnerability in the company’s cyber defenses that was largely the result of negligence has sent its shares spiraling 37% lower. And now, Bloomberg is warning that the shares of certain troubled lenders – which have already largely underperformed this year – may also be vulnerable as the fallout from the hack works its way through the US economy.

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