>> Equifax, the credit bureau that suffered a massive data breach this summer reported lower profit on Thursday. The first sign that the hack has significantly impacted earnings, says Reuters correspondent John McCrank.>> This is the first time that Equifax has reported financial results since this massive cyber breach that affected 145.5 million people.
And we're starting to see that the fees related to the breach are really adding up and taking away from Equifax's earnings. Since the breach has happened, Equifax has had to spend millions of dollars trying to figure out what exactly went wrong. It's also facing, I think, over 200 class action lawsuits.
It's being investigated by more than a dozen different agencies. And it's costing tens of millions again in litigation fees. Analysts think this could go much higher, into the hundreds of millions, and even up to a billion dollars.>> The company also said the breach was already taking a toll on sales.
And warned there could be further attacks. In its quarterly SEC filing, Equifax said quote, we cannot assure that all potential causes of the incident have been identified and remediated, and will not occur again.