Equifax warns this year’s massive data breach will harm future sales

Equifax Inc on Friday warned that this year’s massive data breach will harm future sales, saying it will reduce revenue in the current fourth quarter by 3 percent to 4 percent, Reuters reports.

Chief Financial Officer John Gamble said in an analyst conference call that businesses and governments had delayed signing new contracts in the third quarter.

While that did not have a meaningful impact on results during that period, he expects the trend to reduce revenue growth and margins in the current quarter.

Equifax said its third-quarter earnings tumbled from a year ago as costs mounted in the wake of a massive hack at the company that led customers to take business elsewhere.