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The Ratings Game: Equifax stock slapped after hack, but analysts say it is a short-term speed bump

Equifax Inc. faces several short-term challenges in the wake of a massive data hack that could have compromised the personal information of up to 143 million Americans, but analysts are not panicking yet given the small potential revenue impact to the credit reporting firm and how past data hacks have affected companies.

Late Thursday, Equifax announced that hackers had access to customer data from mid-May until July of this year using a vulnerability in a dispute resolution website. On Friday, both the House Financial Services Committee and the House Judiciary Committee said they would hold hearings on the breach.

Don’t miss: What to do if you’re among 143 million Americans affected by Equifax data breach

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