Is Equifax's Pain Symantec's Gain?

Is Equifax's Pain Symantec's Gain?

Equifax's (NYSE: EFX) data breach disaster, which potentially exposed the personal data of 143 million consumers in the U.S., seems to be getting worse each day. The credit reporting firm only disclosed the breach in early September, admitting that it was hacked from mid-May through the end of July.

Stock sales from three executives prior to the announcement raised eyebrows, a criminal probe was launched, and many analysts called for CEO Richard Smith's resignation. But the subsequent revelations were even more shocking -- it had hired a music major as its chief security officer, used "admin" as a login and password for a major database, and sent its customers to a fake phishing site for nearly two weeks.

Image source: Getty Images.

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Source: Fool.com