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> Ying was invited to a mandatory conference call. While he didn’t initially join the call, one of his direct reports did, the SEC said. He was trying to sell
by rdtsc 9y ago
> Ying was invited to a mandatory conference call. While he didn’t initially join the call, one of his direct reports did, the SEC said.
He was trying to sell his stock and didn't wait an official trail of him knowing about it. It would be hard to deny knowing about it once he joined the conference call. Did I read that right? Because that's what it sounds like to me.
> “VERY large breach opportunity”
"opportunity" what does that even mean? Were they celebrating and planning on monetizing it? That kind of makes sense I guess. Since they get to charge people to freeze their credit, their stock has recovered and executive retired happily to Bahamas or wherever. It was an opportunity after all!
- withinrafael 9y agoPer the complaint, with my notes in brackets: Project Sparta [breach tooling team] was kept separate from Project Sierra [breach action team] to limit the number of people who knew that Equifax itself had been breached. Those Equifax employees who were only part of Project Sparta were not told that Equifax had been breached, but were instead told that they were working for an unnamed client that had experienced a large data breach [...] https://www.sec.gov/litigation/complaints/2018/comp-pr2018-40.pdf https://www.sec.gov/litigation/complaints/2018/comp-pr2018-4...
- googlryas 9y agoI suppose the firewalls between Project Sparta, Sierra, and the rest of the company explain why the 'equifaxsecurity2017.com' or whatever it was called website was a completely separate thing and not part of equifax.com
- newbie912 9y agoNo, that was public relations 101. Equifax the company and their domain can move past the beach without dragging along the baggage that's attached to that quasi-random, only ever so slightly connected domain. Mitigation playbook page 1, baby!
- deleted 9y ago[deleted]