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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEquifax Executives Sold Stock Before Revealing Data Breach Exposing 143 Million to Identity Theft
A data breach discovered in July may have affected as many as 143 million U.S. consumers, credit tracker Equifax said Thursday.
And three of the company's executives sold nearly $2 million in Equifax shares days after the cyberattack was discovered, SEC filings show.
It was unclear whether their share sales had anything to do with the breach, CNBC reports. An Equifax spokeswoman didn't immediately respond to a request for comment.
Leaked data includes names, birth dates, Social Security numbers, addresses and some driver's license numbers, CNBC reported. The company added that 209,000 U.S. credit card numbers were also obtained.
Equifax said it is alerting customers whose information was included in the breach via mail, and is working with state and federal authorities. Its private investigation into the breach is complete, the company said.
And three of the company's executives sold nearly $2 million in Equifax shares days after the cyberattack was discovered, SEC filings show.
It was unclear whether their share sales had anything to do with the breach, CNBC reports. An Equifax spokeswoman didn't immediately respond to a request for comment.
Leaked data includes names, birth dates, Social Security numbers, addresses and some driver's license numbers, CNBC reported. The company added that 209,000 U.S. credit card numbers were also obtained.
Equifax said it is alerting customers whose information was included in the breach via mail, and is working with state and federal authorities. Its private investigation into the breach is complete, the company said.
(BTW - do NOT go to the "Find out more" link at the bottom of the page, because, while it's definitely equifax's, I entered a fake name and last 6 digits, and it gave me this message:
"Based on the information provided, we believe that your personal information was not impacted by this incident.
Click the button below to continue your enrollment in TrustedID Premier."
http://www.nbcwashington.com/news/business/Data-Breach-Could-Affect-143M-Consumers-Equifax-443085613.html
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Equifax Executives Sold Stock Before Revealing Data Breach Exposing 143 Million to Identity Theft (Original Post)
ehrnst
Sep 2017
OP
Hortensis
(58,785 posts)1. Not who but how many criminal cartels/hostile governments have our info now?
A small matter in comparison, but anyone know if the Equifax executives are liable for criminal charges?
Bucky
(53,930 posts)2. I have a hard time seeing how that is not insider trading
I'm just going by a brief glance over the article though.
The big question is whether the Trump appointed SEC will enforce antitrust laws
Hortensis
(58,785 posts)3. Yes, and if key ones have been quietly repealed/amended.
ProfessorGAC
(64,827 posts)4. Exactly Where I Went, Bucky
Clearly use of non-public information to drive investment profitability.
ehrnst
(32,640 posts)6. I think it's the definition of insider trading. (nt)
raccoon
(31,105 posts)5. LOck them up! Lock them up!
If only...
TacoD
(581 posts)7. "It was unclear whether their share sales had anything to do with the breach" BULLSHIT (nt)