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  1. #1 Equifax execs dumped stock before the hack news went public 
    Senior Member Banacek's Avatar
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    In todayís edition of unfettered corporate greed, we bring you the Equifax managers who apparently sold almost $1.8 million in stock after the company became aware that it had a big problem on its hands.

    As Bloomberg reports, three of the companyís senior executives sold nearly $1.8 million in shares after the company learned internally that it had exposed the private data, including social security and driverís license numbers, of as many as 143 million people in the U.S.

    The transactions in question were initiated by Chief Financial Officer and Corporate VP John Gamble, who sold $946,374 worth of shares; President of U.S. Information Solutions Joseph Loughran, who dumped $584,099; and President of Workforce Solutions Rodolfo Ploder, who sold $250,458 in shares. As Bloomberg notes, these transactions were not pre-scheduled trades and they took place on August 2, three days after the company learned of the hack.

    While news of the massive privacy failure just blew up, the hack took place from mid-May to July. The company described the hack in a statement on Thursday:

    The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driverís license numbers. In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed.
    They must have forgotten about the data breach for a month I guess.

    https://techcrunch.com/2017/09/07/eq...-dumped-stock/
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  2. #2  
    Senior Member Angry Old White Man's Avatar
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    When the hackers finally get around to my last name they will surely toss it back, heck they might even send me some money to help me out.
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  3. #3  
    Power CUer FlaGator's Avatar
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    Can you say "insider trading"? Good. I knew you could.
    Never argue with an idiot. They drag you down to their level then beat you with experience.
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