Three high-ranking executives at Equifax, the massive credit assessment company, sold nearly $1.8 million worth of stock just days after the company detected a large-scale data breach, according to Bloomberg.
Equifax disclosed the hack Thursday after discovering the virtual infiltration July 29. The corporation says the trio of higher-ups — CFO John Gamble, president of U.S. information solutions Joseph Loughran, and president of workforce solutions Rodolfo Ploder — were unaware of the hacking incident. Regulatory filings show that Gamble sold $946,374 in shares, while Loughran and Ploder sold $584,099 and $250,458 in stock, respectively, Bloomberg reports.
“The stock sale certainly raises questions,” Dimitri Sirota, co-founder and CEO of BigID, an identity data protection software company, told The Daily Caller News Foundation. “Most US states have breach reporting requirements which means that at least the general counsel or the executive leadership would have to be informed and aware.”
Cyber criminals infiltrated the corporation’s website application and leaked personal information like names, birth dates, addresses, social security numbers, and for some, drivers licenses and credit card numbers, according to the credit reporting firm. Equifax services include providing customers with credit information, among others. It says it responded as soon as possible after identifying the “unauthorized access.”
Read more at the Daily Caller.
