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Friday, 08 September 2017 11:30

Equifax Breach Exposes Personal Info of Half the U.S. Population

Written by  Mary Chastain

Three executives sold shares worth a total of $1.8 million two days after Equifax discovered the breach.

On Thursday, major national credit-reporting company Equifax revealed that a cyberattack from July exposed personal information of about 143 million U.S. consumers. The company wrote in a statement:

The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s 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. As part of its investigation of this application vulnerability, Equifax also identified unauthorized access to limited personal information for certain UK and Canadian residents. Equifax will work with UK and Canadian regulators to determine appropriate next steps. The company has found no evidence that personal information of consumers in any other country has been impacted.

There are many angles to this story. First off, the breach. It occurred in July and the steps Equifax has taken to prevent another one. Second, the company discovered the breach on July 29 and some board members sold stocks on August 1. Third, users have filed a proposed class-action lawsuit against the company.

The Breach

Read more at LegalInsurrection
Last modified on Friday, 08 September 2017 14:25

User comments


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And they decided to wait to say anything? They should have advised everyone AS SOON AS IT HAPPENED!! Not sold their stock and then notify the customer! What jerks!

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Lisa Vacula Written by Lisa Vacula
September 08, 2017
"three execs decided to sell their stock after the hack"? .. WTF.. then one of those three are involved with the hack!...thats a red flag to me... if ever there was one... bastards..

Just give me the phone number to Equifax's attorneys because if I take a credit hit, so will they 'cause I'm gonna sue.

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Why only half of the US population? I thought they had access to everyone's finances. And...put the board members in jail. It's bad enough the users have to take a personal hit, the board members shouldn't be able to take advantage of that insider information and sell before the law suit.

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