Equifax Faces Hundreds of Class-Action Lawsuits and an SEC Subpoena Over the Way It Handled Its Data Breach

Hayley Tsukayama, reporting for The Washington Post:

Equifax also said in its filings that it had received subpoenas from the Securities and Exchange Commission, as well as the U.S. Attorney’s Office for the Northern District of Georgia “regarding trading activities by certain of our employees in relation to the cybersecurity incident.” Shortly after news of the breach broke, reports circulated that top officials had sold Equifax stock after the company found out about the breach, but before disclosing it to the public. Equifax said this week that it had cleared its executives of wrongdoing after an internal investigation found that the executives did not personally know about the breach before their stock sales.

Yeah, I’m sure the SEC will just take their word for it.

Friday, 10 November 2017