April 2018 Bar Bulletin
By Kip Boyle
The Equifax data breach announced on September 7, 2017, will surely drive a good chunk of the $6 trillion in worldwide damages expected by 2021, as recently predicted by Cybersecurity Ventures.1 And, to make matters worse, credit-granting firms will likely lose business, too. Why? Because a lot of otherwise creditworthy consumers may not be granted credit due to too much false, derogatory information in their files as a direct result of fraud from this data breach. This could throw quite a bit of sand into the gears of commerce in America.
What Is Reasonable?
Equifax claims it was breached by an outside cyber attacker. If...