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Credit monitoring firms in focus

Jan. 17, 2014 7:56 AM ETEquifax Inc. (EFX) StockEFX, EXPGY, EXPGFBy: Clark Schultz, SA News Editor
  • The hacking attack at Neiman Marcus went undetected from July to December, according to company officials.
  • Though the department store protected customer pin information and personal data from the intrusion, it did acknowledge that stolen credit card information was used to make fraudulent purchases.
  • Traders betting on Target to take a tumble off the data breach haven't seen much action. If there is a beneficiary it might be the credit-reporting agencies - Equifax (NYSE:EFX), Experian (OTCQX:EXPGF, OTCQX:EXPGY, private in the U.S.), and TransUnion (owned by Goldman Sachs and Advent International) - as millions of Americans suddenly have the need to see if their credit is clean.

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