Equifax stock plunged Wednesday even though its chief executive Richard Smith apologized in an USA Today opinion piece.
Last week, the credit rating agency disclosed a data breach that may have compromised personal information of 143 million Americans.
Cyber security experts say it was one of the largest hacks ever exposed.
Equifax got a lot of heat for how it has dealt with it.
NYU’s economics professor Joe Foudy says the company gets a failing grade.
(SOUNDBITE) JOSEPH FOUDY, CLINICAL ASSOCIATE PROFESSOR OF ECONOMICS, LEONARD N. STERN SCHOOL OF BUSINESS, NEW YORK UNIVERSITY (ENGLISH) SAYING:
“I think it’s shocking that this data breach happened this summer and we’re hearing about it in September, you know, just a really slow corporate response, knowing they had the…