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Tuesday, 12 September 2017 10:36

U.S. senator on Equifax hack: 'Somebody needs to go to jail'

Written by  Reuters

WASHINGTON (Reuters) - A U.S. senator called on Tuesday for a criminal probe of actions taken by executives of credit bureau Equifax(EFX.N) after a massive data breach this summer and said their actions were comparable to insider trading.

Senator Heidi Heitkamp, a North Dakota Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly two million dollars’ worth of company stock in the gap between learning of a sweeping hacker intrusion and making it public.

“If that happened, somebody needs to go to jail,” Heitkamp said at a credit union industry conference in Washington. “It’s a problem when people can act with impunity with no consequences. How is that not insider trading?”

Equifax announced last week that it learned on July 29 that hackers had infiltrated its systems in mid-May, gaining access to a wide swath of personal information, in what cyber security experts believe is one of the largest data hacks ever disclosed.

Three days after Equifax discovered the breach, three top company executives, including Chief Financial Officer John Gamble and a president of a unit, sold Equifax shares or exercised options to dispose of stock worth about $1.8 million, regulatory filings show.

Read more at Reuters
Last modified on Tuesday, 12 September 2017 11:45

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Equifax hack ... go to jail
DNC hack ... Murder 4 IT (who supported Saunders), protect head IT techie when DNC was hacked who is a Palestinian Muslim with smashed hard drives disks in his home and with wife taking $300,000 to Palestine and somehow the WSJ reporter investigating Hillary dies last July 20th with no autopsy nor investigation even-though he was young and very healthy prior to his demise.
Why do I gotta luv it?

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Would suggest that ALL Democrats be sent to jail as they are all enemies of the legal American people.

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It might have been Trump's Russian friends, looking to make a few bucks on the side, knowing that Trump would never pay them for helping him to win the election.

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Somebody should be Prosecuted UNLESS it comes out it was part of the Odummy administration then they will be considered Hero's!!!

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The first thing that shoul be looked into is how Equifax, through panic, got millions of people to sign their agreement so they cannot be sued!! This too tells me they planned way ahead they took their time to protect themselves. What will be done about this??? If nothing, we the public should visit Equifax leaders at work or home or in hiding and teach them a lesson in honesty

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