Equifax Data Breach- Mtbr.com
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  1. #1
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    Equifax Data Breach

    As if the breach itself wasn't bad enough. It's now being reported that executives within the company sold off stock before the breach was revealed to the public.

    #insidertrading
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  2. #2
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    I like when something gets hacked, three years go by, then they discover the hack and make a big deal about it. Most likely the damage is already done. (I would think).

    One company that had my info got hacked a couple years ago. Now they provide me with free monitoring for a couple more years. It almost seems like a requirement to have Lifelock now a days. Too many people attempting to steal your identity and wreck your credit. It happened to a relative of mine and it was a royal PITA.
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  3. #3
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    Quote Originally Posted by chuckha62 View Post
    It's now being reported that executives within the company sold off stock before the breach was revealed to the public. #insidertrading
    Nothing like insider nfo, huh?
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  4. #4
    > /dev/null 2&>1
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    Well, execs sell stock all the time. What's relevant here is:
    1) Were the sales required to be disclosed ahead of time? (this is based on the role and level of the person and the size of the sale)
    2) If they were required to be disclosed, were they?
    3) Were the sales out of the ordinary for the the employee or their role / level?

    Bigger though, is that the SSN is largely useless now, if indeed one in two SSNs were exposed as part of this hack.

  5. #5
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    It amazes me how a few companies are allowed to have this much information on people.

  6. #6
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    Oh crap. Someone will have my credit score and my speedo selfie too.

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  7. #7
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    Quote Originally Posted by Procter View Post
    Well, execs sell stock all the time.
    Especially if they think the stock is about to plummet. I wonder if they thought there was any reason the stock was about to plummet...like some major upcoming announcement about recent company happenings.
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  8. #8
    > /dev/null 2&>1
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    Yeah I totally get it. But looking at the 3 sales, they don't seem to 100%, obvious, "Enron is about to collapse and I'm dumping everything" sales, given the level of the employees:


    "But according to filings with the SEC, Equifax Chief Financial Officer John Gamble sold shares worth nearly $950,000 on August 1.

    Joseph Loughran, Equifax's president for U.S. information solutions, sold shares worth about $685,000 on August 1 as well.

    And Rodolfo Ploder, president of workforce solutions, sold stock for just more than $250,000 on August 2."


    It's certainly possible. Not defending Equifax or these 3 guys. Also, it would be surprising if the CFO didn't know about the breach very early. Other two guys? Hard to say.

  9. #9
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    The company knew about the breach at the end of July, and they're just telling us about it now.

    Hopefully, plenty of jail time will be had.
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  10. #10
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    Quote Originally Posted by Procter View Post
    Other two guys? Hard to say.
    I know if I was one of those other guys, that's what I'd be saying in court. "Did I know about the breach? No, I didn't know anything about it. I didn't find out about it until you guys did, too".
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  11. #11
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    Quote Originally Posted by the-one1 View Post
    It amazes me how a few companies are allowed to have this much information on people.
    +1

    If you are a hacker looking for this info, this is definitely the place to get it.
    This post is a natural product. Variances in spelling & grammar should be appreciated as part of its character & beauty.

  12. #12
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    Target, Home Depot, Yahoo....those were small prizes compare to the mother load that is Equifax.

  13. #13
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    Quote Originally Posted by the-one1 View Post
    Target, Home Depot, Yahoo....those were small prizes compare to the mother load that is Equifax.
    "Mother load". Freudian slip?
    _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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  14. #14
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    Quote Originally Posted by Finch Platte View Post
    "Mother load". Freudian slip?
    Oedipal complex?
    Goya! It's got what plants crave. It's got electrolytes. Livin in an Idiocracy.

  15. #15
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    CFO or CEO never go to jail in USA. The laws protect white collar criminals

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