Former Equifax CIO Charged With Insider Trading (bloomberg.com)

Posted by msmash on Wednesday March 14, 2018 @08:00AM from the gift-that-keeps-giving dept.

OffTheLip writes: Jun Ying, a former CIO with Equifax has been charged with insider trading by the US Department of Justice. From the linked article:

Wednesday's announcement marks the first criminal charge brought in one of the largest data breaches in history. Ying, the former chief information officer for Equifax's U.S. information-solutions business, used confidential information entrusted to him by the company to determine it had been hacked, according to a separate complaint filed by the Securities and Exchange Commission.

ZDNet adds: According to a Justice Department statement, Ying sent a text message to a colleague two weeks before Equifax revealed the hack, in which he said the breach "sounds bad." Three days later, Ying searched the web to research the effect of Experian's 2015 own breach on its stock price. Later that day, Ying excised all his available stock options.

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Gee really? by smithmc · 2018-03-14 08:03 · Score: 3, Funny

I am Jack's complete lack of surprise.

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And his punishment will be ... by fahrbot-bot · 2018-03-14 10:53 · Score: 5, Funny

... having is credit history maintained by Equifax.

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It must have been something you assimilated. . . .