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Equifax's insurance likely to be inadequate against cyber breaches

Atlanta-based Equifax now faces multiple state and federal investigations, and a proposed multibillion-dollar class action lawsuit has been filed against it.

New York

EQUIFAX Inc's insurance against cyber breaches is likely to be inadequate to cover the credit-reporting company's costs tied to one of the biggest hacks in history, according to people familiar with the coverage.

The company holds a policy that would probably cover about...

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