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Equifax data breach spurs lawsuits

Reuters - UK Focus

Sept 8 (Reuters) - At least two proposed federal class-action lawsuits have been filed against Equifax Inc (NYSE: EFX - news) after the credit reporting company disclosed a hacking that may have compromised personal information for 143 million American consumers.

One lawsuit filed in Equifax's hometown of Atlanta (BSE: ATLANTA.BO - news) accused the company of negligence and willfully violating the federal Fair Credit Reporting Act for failing to take necessary steps to protect customer data including Social Security numbers, birth dates, addresses and driver's license numbers.

A second lawsuit was filed in the federal court in Portland, Oregon, and accused Equifax of negligence.

Both seek unspecified damages.

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Equifax did not immediately respond on Friday to requests for comment.

More lawsuits are expected to be filed against Equifax on behalf of consumers as well as shareholders.

The company's stock price fell as much as 17.8 percent on Friday morning.

Equifax disclosed the breach after U.S. market hours on Thursday, nearly six weeks after discovering it on July 29. (Reporting by Jonathan Stempel in New York; Editing by Meredith Mazzilli)