Did you hear about the data hack of Equifax? The company is one of the 3 big credit reporting agencies in the U.S. It took place between May and July 2017, but they didn't make it known until now. The company's business is comprised of gathering personal financial information on people and sells that information to banks, lending institutions, and other businesses the average citizen goes to to buy things over time on credit.

Thankfully, the executives of Equifax are very interested in protecting your information . . . or at least their own personal financial well being as the following article documents.



Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed

More stories by Anders MelinSeptember 7, 2017, 5:59 PM EDT
Three Equifax Inc. senior executives sold shares worth almost $1.8 million in the days after the company discovered a security breach that may have compromised information on about 143 million U.S. consumers.

The credit-reporting service said late Thursday in a statement that it discovered the intrusion on July 29. Regulatory filings show that three days later, Chief Financial Officer John Gamble sold shares worth $946,374 and Joseph Loughran, president of U.S. information solutions, exercised options to dispose of stock worth $584,099. Rodolfo Ploder, president of workforce solutions, sold $250,458 of stock on Aug. 2. None of the filings lists the transactions as being part of 10b5-1 pre-scheduled trading plans.

Equifax said in the statement that intruders accessed names, Social Security numbers, birth dates, addresses and driver’s-license numbers, as well as credit-card numbers for about 209,000 consumers. The incident ranks among the largest cybersecurity breaches in history.

Equifax shares tumbled 6.2 percent to $133.90 in extended trading at 5:50 p.m. in New York. Marisa Salcines, a spokeswoman for the Atlanta-based company, didn’t immediately return a call for comment.


They didn't immediately return a call for comment ? ! ? !       Shocking ! ! !
As long as these executives are still making money off selling your personal financial information and preserving their exorbitant salaries and benefits, what can they say in their defense of the defenseless actions/inactions and breach of public trust. Maybe if some regulatory agency required them to pay for any losses to consumers and fine the company for Equifax's ineptitude in not protecting your personal information (which you did not voluntarily supply to this company) they'd pay more attention to your personal financial information than their retirement accounts.

Last edited by Rongone (9/07/2017 5:56 pm)