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> I want to see Equifax's CEO, CTO, CSO and anyone who ever saw a report saying "we need to invest more in security" and ignored it, to pay. Preferably with the

> I want to see Equifax's CEO, CTO, CSO and anyone who ever saw a report saying "we need to invest more in security" and ignored it, to pay. Preferably with their jobs. Nope. Ain't gonna happen. Financial crime pays, big time! No one goes to Jail. They usually have an investigation followed by a hearing in Congress (if it is "BIG" enough), then come back and pay a fine. Media will report the fine as "MILLIONS OF $" but the fine hardly makes a dent in the Bank / Financial institute's coffer. W.r.t. this particular situation, here's a story that just broke. Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed (bloomberg.com) => https://news.ycombinator.com/item?id=15196309 https://news.ycombinator.com/item?id=15196309 It's called INSIDER TRADING.

ericd 9y ago
If they did that because of this, the SEC will likely nail them for it.
- icelancer 9y ago
  Of the three letter agencies, the IRS and the SEC are particularly ruthless. They can only enforce what Congress will allow, unfortunately, so that leads to bigger fish not being fried up.