Official Equifax statement on massive hack, execs sell off stock before announcement

  1. Here’s the official Equifax post about the massive hack.

  2. Here’s the official site Equifax set up to see if your information was exposed. Beware of other sites masquerading as the real deal. I do not understand why they didn’t go with a subdomain, such as haveIbeenHacked.equifax.com or some such. More to the point, I don’t understand why you have to enroll in their service to see if you are affected, even if it is free.

  3. Three Equifax execs sold almost $2 million of stock after the breach, but before the announcement. Even assuming they were not aware of the breach when they sold their stock, they will still benefit from a situation of their own making.

Not crazy about the way this is playing out.

UPDATE: According to this tweet, if you sign up with Equifax to check to see if your information was compromised, you waive your rights to sue Equifax or to be part of a class action suit. Can this be correct? [H/T @varunorcv]



  • Caleb Hightower
    Three Equifax execs sold almost $2 million of stock after the breach, but before the announcement.

    DOUCHEBAGS!

    • John Kordyback
      1. They didn’t think anyone would notice the sale?
      2. Go to Jail. Go directly to Jail. Do not pass Go. Do not collect $200 million dollars.
      • Exactly. How that isn’t insider trading, I don’t know.

      • VanessaNRice

        <

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  • Kip Beatty

    “they will still benefit from a situation of their own making.”

    Maybe not. This will be closely investigated. If anything regarding the hack got anywhere close to them (email, messages, people they work closely with) that would be text book insider trading. If caught, they could see prison.

    • JimCracky

      Trump’s in charge. They won’t get investigated.

    • GlennC777

      You’re suggesting that the over-worked, under-funded SEC, shrunk by every recent Republican administration and a victim of regulatory capture, has the will and the means to investigate and prosecute every instance in which a stock sale looks a bit fishy?

  • JimCracky

    We’re sorry. We were so busy creating our monopoly and controlling your life, we forgot to protect our data.

    Have a blessed day

  • You don’t have to enroll to see if you are affected. Click the “Potential Impact” button.

    I laughed when I read “This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do” from the CEO. Disseminating our personal information is exactly what they do. He’s just disappointed they didn’t make a profit from it.

    • GlennC777

      Nail, hammer.

      • SherriWSiegrist

        <

        blockquote>Google is paying 97$ per hour! Work for few hours and have longer with friends & family!!! On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it !ql30d: ➽➽ ➽➽;➽➽ http://GoogleFinancialJobsCash30TopShop/GetPay$97/Hour….

  • Struuan

    Went to verify if I was affected. Yeap. Enrolled in their TrustedID program… NOPE! I apparently have to wait a week!!!! Glad no one is out there running around with my personal information, oh wait…. Thanks IRS for the hack two years ago, and now this.

  • Mo

    Nationalize this shitty company and fine those execs heavily.

  • bdkennedy11

    The grammatical errors tell me the tweet is fake.

  • Sean

    Nationalize this shitty company and fine those execs heavily.

  • caleb

    We’re sorry. We were so busy creating our monopoly and controlling your life, we forgot to protect our data.Have a blessed day

  • Robert.Walter

    read http://www.krebsonsecurity.com articles on this. the breach is being handled about as incompetently as can be. the site that one puts their info into returns the same info to gibberish inputs and gives different results for same info entered via a desktop vs a mobile browser.

    Best action is to pay the 10$/bureau (except Innovis, which is free), at Experion, Equifax and TransUnion to freeze new credit info requests.

    • GlennC777

      We’ve been forced to do this in the past. One question: if you can freeze and un-freeze your credit info, what prevents an identity thief with access to your info from doing it themselves, making you the one frozen out?

      • Robert.Walter

        If they have the right information, which is only SSN, and other common PII they can do this. That’s why its better to be pro-active and lock these down yourself. Hopefully there will be legislation banning the charges for freezing/unfreezing these accounts. (As well as a class-action that allows folks that had to pay about 30$ to freeze at the 3 big bureaus to recover this money from Equifax.)

  • ][v][aximus

    Nationalize this shitty company and fine those execs heavily.

  • Ethan

    We’re sorry. We were so busy creating our monopoly and controlling your life, we forgot to protect our data.Have a blessed day

  • Shaker98

    We’ve been forced to do this in the past. One question: if you can freeze and un-freeze your credit info, what prevents an identity thief with access to your info from doing it themselves, making you the one frozen out?

  • Geoff

    From Equifax website:

    2). NO WAIVER OF RIGHTS FOR THIS CYBER SECURITY INCIDENT

    In response to consumer inquiries, we have made it clear that the arbitration clause and class action waiver included in the Equifax and TrustedID Premier terms of use does not apply to this cybersecurity incident.

    • Robert.Walter

      Case of post-outcry T&C re-interpretation by Equifax?

  • BOOMY

    “they will still benefit from a situation of their own making.”Maybe not. This will be closely investigated. If anything regarding the hack got anywhere close to them (email, messages, people they work closely with) that would be text book insider trading. If caught, they could see prison.

  • FlorenceJDahlke

    Google is paying 97$ per hour! Work for few hours and have longer with friends & family!!! ➽➽ ➽➽;➽➽ http://GoogleFinancialJobsCash30TopShop/GetPay$97/Hour

  • NNB
    1. They didn’t think anyone would notice the sale?2. Go to Jail. Go directly to Jail. Do not pass Go. Do not collect $2 million dollars.
  • Caleb

    The grammatical errors tell me the tweet is fake.

  • Glenn

    Trump’s in charge. They won’t get investigated.

  • Luke Gunther

    Case of post-outcry T&C re-interpretation by Equifax?

  • NYGdan94

    The grammatical errors tell me the tweet is fake.

  • bdkennedy11

    I keep cash hidden around the house because i reallly believe that in my lifetime (I’m 48) we will wake up one morning and our checking and saving accounts will be gone.

    http://money.cnn.com/2015/02/15/technology/security/kaspersky-bank-hacking/index.html

  • bdkennedy11

    And, I’m not logging into that site with a new password yet. If my information is stolen then I’ll deal with it in a few weeks. I don’t trust a company that sells their stock off days before they get hacked, like the airlines that sold off their stocks the day before 9/11. Oh. Look what day it is.