EQUIFAX INC (EFX) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that EQUIFAX INC surfaced in its latest filing.

• We experienced a material cybersecurity incident in 2017 that damaged reputation and customer relationships, caused loss of key certifications, and led to settlements and government investigations.2017
• We are in the final stages of migrating the vast majority of our applications and systems infrastructure from legacy on-premises systems to cloud-based solutions hosted by third parties.
• Our planning for 2026 assumes U.S. GDP growth consistent with 2025 and lower international growth.2026
• We expect U.S. mortgage credit activity in 2026 to be below 2025 levels.2026
• Sales outside the U.S. comprised 23% of our total revenue in 2025.2025
• We entered into agreements to settle the U.S. Consumer MDL Litigation and certain federal and state government investigations arising out of the 2017 cybersecurity incident.
• The CFPB has supervisory authority over our U.S. business and has initiated enforcement actions in the past, resulting in monetary penalties and product changes.
• We have a $1.5 billion revolving credit facility and a commercial paper program; a downgrade would increase our cost of borrowings.