Equifax recently reported a data breach that impacts a major segment of the U.S. population and calls attention to two hot-button issues for the financial industry: cybersecurity and arbitration.
After discovering that vulnerabilities in the company’s website allowed hackers to access sensitive information of millions of Americans, Equifax put out a press release detailing steps it is taking to help affected consumers, and met with further controversy.
Find out how impactful this situation is and the multiple controversies it touches.