Three Equifax execs sold off around $1.8 million of their company's stock in the days after the company had discovered a massive data breach but Terms of servicehad not yet made it public, according to regulatory fillings first reported by Bloomberg.
The credit reporting agency said Thursday that personal information belonging to 143 million Americans was compromised in a cyberattack it identified on July 29. Just three days after that date, chief financial officer John Gamble, president of U.S. information solutions Joseph Loughran, and president of workforce solutions Rodolfo Ploder unloaded stock worth around $946,000, $584,000, and $250,000 respectively.
SEE ALSO: Bad news for literally anyone with a credit card: there's a good chance you just got hackedAt the time those transactions were made, Equifax tweeted that its site was undergoing maintenance.
This Tweet is currently unavailable. It might be loading or has been removed.
The records indicate the trades weren't made as part of a pre-arranged plan.
An Equifax spokesperson claimed the execs weren't aware of the breach at the time.
"The three executives who sold a small percentage of their Equifax shares on Tuesday, Aug. 1, and Wednesday, August 2, had no knowledge that an intrusion had occurred at the time they sold their shares," the spokesperson said in a statement.
Equifax's shares were down around 13 percent in after-hours trading as of Thursday evening.
The company said the breach occurred over the course of several weeks between mid-May and its discovery at the end of July. Upon the discovery, Equifax said it immediately shut down the hack and contracted a "leading, independent cybersecurity firm" to determine the scope of the damage. It's also working with law enforcement, and the investigation is ongoing, according to the announcement.
Topics Cybersecurity
Previous：New Iconoclasms
Next：Motherhood!
Julian Assange and the Banality of Access
It looks like Waymo is about to expand its self
Teen eggs politician. Now he’s being offered free tickets to concerts for life.
Jordan Peele explains the significance of the Michael Jackson imagery in 'Us'
We are really bad at heeding warnings about disasters
'Pet Sematary' SXSW review round
Apple updates 21.5 and 27
SEC says Elon Musk failing to get his Tesla tweets pre
It’s Fun to Be in the DSA!
A new MoviePass offer comes close to the tantalizing original plan
Poodles, doodles, and memory-challenged gnomes
'World's oldest' orangutan is your new grumpy AF spirit animal
'Dead Pixels' is a new comedy that lovingly pokes fun at gaming culture
This AI predicts online trolling before it happens
Enemy of the People
Katy Perry really did dance to that Kanye West line about Taylor Swift
Man returns to his car to find a koala chilling in air
Mindy Kaling autobiographical teen comedy is coming to Netflix
Fear of a Black Universe
Grandmother creates emoji to better reflect older people
Redux: Spreading Privacies on the Internet by The Paris ReviewA Taxonomy of Country Boys by Drew BratcherWhiting Awards 2021: Jordan E. Cooper, DramaCavafy’s Bed by André AcimanThe Tarot Is a Chameleon by Rhian SasseenEvery Day Was Saturday in Harlem by The Paris ReviewThe Lioness of the Hippodrome by Susanna ForrestTakako Wanted Snow by Jana LarsonThe Charms of Tom Stoppard by Hermione LeeThe Art of an Even KeelLee Krasner’s Elegant Destructions by The Paris ReviewTouched by a Virgin by Kirstin Valdez QuadeCooking with Andrea Camilleri by Valerie StiversShowing Mess: An Interview with Courtney Zoffness by Lynn Steger StrongWhiting Awards 2021: Tope Folarin, FictionSomeone Else’s Diary by Maria StepanovaPoets on Couches: Cheswayo Mphanza Reads Gerald Stern by Cheswayo MphanzaWhiting Awards 2021: Xandria Phillips, PoetryIn the Green Rooms by Tove DitlevsenWhiting Awards 2021: Joshua Bennett, Poetry and Nonfiction 'Doctor Who' freakout: The 13th Doctor arrives on Sunday Australia wants to defy math and break into encrypted messaging apps An important countdown of the most memorable 'Game of Thrones' deaths The first photos of Star Wars Land are here and let me just sign over my life savings Woman knocks over $200,000 worth of art trying to take a selfie Sorry everyone, but that shocking Amelia Earhart photo has been debunked — twice All the Disney princesses are coming back for the 'Wreck Did Samsung really just tweet the Note 8 by accident? Who's she! Jodie Whittaker is the first female Doctor and it makes total sense NASA video lets you soar over Pluto, and it's pretty amazing Get to know 4 private spaceflight companies that could be the future PSA: You might want to look up at the sky on Sunday night Disney's D23 is bringing Star Wars, Marvel and Pixar goodies Could this fan favorite 'Game of Thrones' character hold the key to Jon Snow's fate? Prince Harry and Harry Styles met and smiled at each other and omg stop Marvel unleashes 'Infinity War' teaser trailer on D23 Expo, destroys everyone Roborace put its futuristic self Here's the cover of Marie Lu's upcoming YA Batman novel, 'Batman: Nightwalker' Disney's first 'A Wrinkle in Time' trailer looks just plain magical How to take advantage of Google's full system Backup and Sync tool
2.4254s , 8199 kb
Copyright © 2025 Powered by 【Terms of service】,Unobstructed Information Network