← The journal

September 12, 2017

Criminals?

So . . . the credit rating agency Equifax suffered a data breach that allowed criminals to gain access to the personal details of 143 million people, including names and social security numbers.  All anyone would need to perpetrate massive acts of identity theft.

But that doesn’t mean their top executives can’t make a few bucks, right?

Within 24 hours of the breach being discovered on July 29, three Equifax executives sold $2 million of their own stock.

The announcement of the data breach didn’t come till September 7.  Equifax said that the executives “had no knowledge that an intrusion had occurred at the time they sold their shares.”

Huh.

Equifax has now set up a site where you can find out whether or not your information was compromised, but Equifax’s terms of service also state that anyone using the site waives their right to a class-action lawsuit.  They say the waiver doesn’t apply to the cyber attack.

Umm, yeah.

Sounds like they’re right on top of the problem, no?

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