Equifax

Former Equifax Manager Pleads Guilty to Insider Trading

Jul 23, 2018

Prosecutors say a former manager at Equifax has pleaded guilty to insider trading.

The U.S. Attorney's Office in Atlanta says Sudhakar Reddy Bonthu of Atlanta on Monday entered the plea to the federal charge of insider trading. Prosecutors say he traded stock options before Equifax publicly announced a massive data breach in the summer of 2017.

U.S. Attorney Byung J. Pak said in a statement that Bonthu used his inside knowledge of the breach to make more than $75,000 before the company announced it publicly.

Equifax Inc. has reached an agreement with eight states that will require the credit-reporting agency to put stronger security measures in place to prevent future data breaches.

About 147.9 million Americans were impacted by Equifax's 2017 data breach, which was the largest exposure of personal information in history.

Equifax Now Says Some Passports Were Stolen in Breach

May 10, 2018

Equifax is now acknowledging that a relatively small number of passport images and information were stolen as part of last year's security breach, despite previously denying such a thing occurred.

The credit monitoring company said 3,200 passport images were stolen last year, according to a letter sent last week by lawyers representing Equifax to the Senate Banking Committee. That's compared to the 148 million individuals that were impacted by the overall breach.

West Virginia AG Files Lawsuit Over Equifax Data Breach

Apr 13, 2018

West Virginia's attorney general has filed a lawsuit against Equifax over a data breach last year that the lawsuit says affected about 740,000 West Virginia residents.

The lawsuit alleges Atlanta-based Equifax ignored warnings to secure its system, failed to safeguard consumer information and stalled in telling the public.

The lawsuit was filed Thursday in Boone County Circuit Court. It seeks $150,000 for each security breach and $5,000 for each violation of the state's Consumer Credit and Protection Act, as well as legal costs.

Ex-Equifax Executive Charged with Insider Trading

Mar 14, 2018

A former Equifax executive who sold stock for nearly $1 million before the company's massive data breach was publicly announced faces insider trading charges.

Federal prosecutors announced Wednesday that a grand jury indicted Jun Ying, the former chief information officer of Equifax's U.S. Information Solutions.

They say Ying exercised all his available stock options and sold his Equifax stock after he received information in late August that caused him to realize Equifax was the victim of a breach.

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