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Moody's Outlook Downgrade of Equifax: A Wake-up Call to Boards

Wall Street has been abuzz this week over drastic measures by credit ratings agency Moody's to downgrade its rating outlook of Equifax, with expensive data breach fallout named as a major factor for the poor marks. While the action was not unexpected, the landmark nature of the outlook should provide some needed emphasis to both boards of directors and CISOs of the modern business imperative for cyber resilience, security and risk experts say.

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