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3 Equifax Executives Sold Stock Days After Hack That Wasn't Disclosed For A Month

Postby MrFredPFL » Sat Sep 09, 2017 4:02 pm

Story : http://www.npr.org/sections/thetwo-way/2017/09/08/549434187/3-equifax-executives





Three executives of the credit-reporting agency Equifax sold nearly $2 million worth of company stock within days of a massive data breach potentially affecting 143 million Americans — one that wasn't publicly disclosed until more than a month later.

In a statement, Equifax says the executives "had no knowledge that an intrusion had occurred at the time they sold their shares."

Equifax revealed the security breach late Thursday. On Friday, its stock price went sliding by double digits as millions of Americans struggled to get answers from the company about whether they were affected and what to do next. New York Attorney General Eric Schneiderman has opened an investigation into the hack.

The credit reporting company has said that it discovered "unauthorized access" to its systems on July 29. The intrusion potentially jeopardized sensitive details including names, birthdates, Social Security and driver's license numbers. The hackers also stole credit card numbers for 209,000 consumers.







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