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This also: > It was also revealed that three Equifax executives sold almost $1.8 million of their personal holdings of company shares days after Equifax discov
by Someone1234 7y ago
This also:
> It was also revealed that three Equifax executives sold almost $1.8 million of their personal holdings of company shares days after Equifax discovered the breach but more than a month before the breach was made public.[0]
Nobody was prosecuted as a result.
They were literally promoting their own $16.95/month credit monitoring product (ID Patrol) on the original website about the breach before they were shamed into taking it down.
Executives profited. The CEO profited. The lawyers profited. And the shareholders lost little. The public is the only one paying the cost, and their information was largely shared with Equifax without express consent.
[0] https://www.bloomberg.com/news/articles/2017-09-07/three-equifax-executives-sold-stock-before-revealing-cyber-hack https://www.bloomberg.com/news/articles/2017-09-07/three-equ...