It has been widely reported that Equifax had over 143 million people's confidential information such as Social Security Numbers, Driver's Information, birth dates and addresses stolen.  Equifax was heavily criticized for waiting until September to announce the hack to the general public.  Equifax knew about this hack on or before July 29, 2017.  What you may not know, as reported in the LA Times is that:

"Three days later, according to Securities and Exchange Commission filings, CFO John W. Gamble sold 6,500 shares and John “Trey” Loughran III, president of Equifax’s U.S. Information Solutions business unit, sold 4,000 shares. The next day, Aug. 2, Rodolfo Ploder, president of another business unit, sold 1,719 shares. All shares sold for about $146 each."

Equifax current share price is hovering around $113.00 per share.

It is widely believed that Equifax does not have enough insurance to cover the estimated losses because of this hack.

 

Posted 3:59 PM

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