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Equifax-Centre for Cybersecurity Tie Up to Fix Cyber Attacks
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Equifax Inc. (EFX - Free Report) announced yesterday that it has entered into a partnership with World Economic Forum's Centre for Cybersecurity.
The collaboration is aimed at sharing best practices to foresee and identify potential cyber threats as well as strengthen cybersecurity globally.
Jamil Farshchi, chief information security officer at Equifax, stated, “Every day at Equifax, we are vigilant about protecting the data and sensitive information we're entrusted with by thousands of companies and consumers in more than two dozen countries on multiple continents.”
The move follows Equifax’s partnering with Better Identity Coalition to find solutions for enhanced and more secured identity verification beyond the Social Security Number. Also, the company is undertaking efforts to leverage Atlanta for the Advancement of Security (“ATLAS”) to boost assistance for a better identity solution.
Our Take
Equifax is striving to enhance and strengthen cybersecurity globally. This reflects the company’s increased efforts to revive from the 2017 cyberattack and bring back customers’ confidence.
The company’s third quarter 2018 earnings continued facing the brunt of data breach where customers were seen cautious about the company’s cybersecurity practices thereby deferring their purchases.
Costs associated with the incident dented Equifax‘s earnings in the quarter, which declined 7.8% on a year-over-year basis.
Shares of the company have lost 9.9% in a year’s time, against the industry’s rise of 22%.
A few better-ranked stocks in the Zacks Business Services sector are Booz Allen Hamilton Holding Corporation (BAH - Free Report) , BG Staffing, Inc. (BGSF - Free Report) and Robert Half International Inc. (RHI - Free Report) , each carrying a Zacks Rank #2 (Buy).
The long-term expected EPS (three to five years) growth rate for Booz Allen, BG Staffing and Robert Half International is 14.4%, 20%, and 13.3%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Equifax-Centre for Cybersecurity Tie Up to Fix Cyber Attacks
Equifax Inc. (EFX - Free Report) announced yesterday that it has entered into a partnership with World Economic Forum's Centre for Cybersecurity.
The collaboration is aimed at sharing best practices to foresee and identify potential cyber threats as well as strengthen cybersecurity globally.
Jamil Farshchi, chief information security officer at Equifax, stated, “Every day at Equifax, we are vigilant about protecting the data and sensitive information we're entrusted with by thousands of companies and consumers in more than two dozen countries on multiple continents.”
The move follows Equifax’s partnering with Better Identity Coalition to find solutions for enhanced and more secured identity verification beyond the Social Security Number. Also, the company is undertaking efforts to leverage Atlanta for the Advancement of Security (“ATLAS”) to boost assistance for a better identity solution.
Our Take
Equifax is striving to enhance and strengthen cybersecurity globally. This reflects the company’s increased efforts to revive from the 2017 cyberattack and bring back customers’ confidence.
The company’s third quarter 2018 earnings continued facing the brunt of data breach where customers were seen cautious about the company’s cybersecurity practices thereby deferring their purchases.
Costs associated with the incident dented Equifax‘s earnings in the quarter, which declined 7.8% on a year-over-year basis.
Shares of the company have lost 9.9% in a year’s time, against the industry’s rise of 22%.
Zacks Rank & Stocks to Consider
Currently, Equifax carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few better-ranked stocks in the Zacks Business Services sector are Booz Allen Hamilton Holding Corporation (BAH - Free Report) , BG Staffing, Inc. (BGSF - Free Report) and Robert Half International Inc. (RHI - Free Report) , each carrying a Zacks Rank #2 (Buy).
The long-term expected EPS (three to five years) growth rate for Booz Allen, BG Staffing and Robert Half International is 14.4%, 20%, and 13.3%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>