3 Equifax execs sold $1.8 million of company stock after hackers stole credit data of 143 million Americans

By Sandra Rose  | 

Equifax

Three Equifax executives sold company stock in the days after hackers exploited a vulnerability in the credit agency's software and stole the credit data of 143 million Americans.

Three Equifax executives rushed to sell off company stock worth $1.8 million just days after the breach was discovered in August.

Exquifax has been hacked in the past, but the latest data breach which ran from May to July is the largest ever to hit the credit agency.

The company revealed the extent of the cyberattack in a press release on Thursday.

The cyberattack exposed sensitive credit information of 143 million Americans, including credit card numbers, social security numbers, addresses, etc.

Lawyers for Chief Financial Officer John Gamble, Rodolfo Ploder and Joseph Loughran, claim their clients were not aware of the data breach when they sold their stocks in August.

In a statement issued on Thursday, the company said the executives "had no knowledge that an intrusion had occurred at the time they sold their shares."

Equifax stock dropped 13 percent during after hours trading on Thursday. The stock fell from $142.72 on Thursday afternoon to $123.94 by 1:10 p.m. on Friday.

You are urged to call your credit card company if you believe your credit card information was compromised by this hack. Class action lawsuits could bankrupt Equifax to the tune of $1,000 per customer.

Customers who signed up for Equifax's credit monitoring service may be exempt from joining a class action lawsuit.

Equifax

  • SDot

    THey better be escorted to jail too. Insider trading info.

  • Jen_no_juice

    Smells like insider trading..... another crime white folks get away with

  • Kayke

    Martha Stewart would disagree

  • hottlanta

    Ask Munichin. They will be getting jobs in the White House pretty soon.

  • https://twitter.com/Chicagowise Chicagowise

    This is a manufactured crisis, orchestrated by Equifax. When you go to their website to see if your info has been compromised, you're told, your data may have been breached, and encouraged to sign up for Equifax's credit monitoring service.

    Set up.

  • Rayne

    Why can't some ppl do right and hack the system and give us ALLLLL good credit!! Boy oh boy I tell ya!?

  • You Could Never

    no reason for this in 2017

  • http://thedevereauxshow.com/ Ms.Devereaux

    I ain't signing up for nothing but I will go on there and check but one of this matters someone may have access to all your info like your mothers Marian name and use that info to get identification made all sorts of stuff one day you looking at criminal charges for something you didn't do but someone who used your information did !! This is crazy

  • Kayke

    He was a banker...they don't count lol. Protections are built in.

  • sunni_daze

    Or it says "you have not been impacted".

  • TheOwley

    Insider trading. They all need to go to prison for awhile.

  • Faithz

    Insider Traders are the Worst.

  • Yardgirl

    Or hack the system and wipe out all student loans!! Eff Sallie Mae and 'em!!

  • Diva_woman

    143 million is practically half of Americans and probably includes anyone who has ever had their credit run by Equifax. This could either happen by you requesting a credit check or by any lender from a clothing store to a car dealership. Equifax will likely lose whatever certifications they have behind this so of course execs are selling stocks. This company won't be worth a dime after all the lawsuits they are about to face.

  • WutizaGRANNY!

    Uuuuhh...first off.. https://uploads.disquscdn.com/images/68bc52b2a4f54f3dc0d4dea29ec0c12c203c19b65d4d18beb2fbbd13d0be6a55.gif security and innanet is an oxymoron.. There is no such thing as "Security" with anything on the wherld whide wheeb.. Companies can only give illusions of safety and have safety "measures" to deter attacks but any IT geek with time and hot pockets can hack anything at any time.. If you EVA thought that anything on dis here place is safe..bless your widdle heart.. carry on..

  • Diva_woman

    If you sign up it says in fine print that you won't be able to participate in any class action lawsuits against them.

  • therealashland

    Terrible

  • brownisback

    SMH my info was hacked when they hacked the govt employees a few years ago and here we go again

  • brownisback

    Offtopic:

    Sandra have you don't a post on User's response to the allegations???

    "Usher denies 'each and every allegation' including herpes exposure claims... but if there was any sexual contact any harm was 'unintentional"
    So does that mean he hit it?!?!?!?!

  • Mr.LeBrickJames

    I dont think it's manufactured at all. My wife found out yesterday she's on the list..
    People who are affected by this will get the credit monitoring at no charge for like one year, I think. So Equifax isn't making any money off it.

  • Judi Lauren

    Hmmm. I read that article on t.m.z. he ain't denying he has it or that he slept with a dude...smh

  • Coy little wink

    Denies each and every allegation means he denies everything hun

  • https://twitter.com/Chicagowise Chicagowise

    Are you sure it's free for one year? Even if that's true, how many people are going to forget to cancel the services? Whenever a company offers a trial period, they already know they're going to make money on the people who forget to terminate their memberships.

  • https://twitter.com/Chicagowise Chicagowise

    Bam! And there it is!

  • https://twitter.com/Chicagowise Chicagowise

    I just went through an ordeal where all of my personal info was listed on a people-finding website. They even had an estimated of my yearly salary! I raised so much h3ll, they removed my info, immediately.

  • Harley

    Yep and to have to give them the same info that was hacked is a joke!

  • Harley

    THIS!!!!!! I hope people are reading the fine print

  • Harley

    what was the site so we can check

  • Mojo2

    They are a$$ wipes
    Need to watch your stuff, when someone steals your identity it is tragic, time consuming and takes years to get it right.

  • JV

    Don't do it. Posted in the other thread, but when you sign up for their services, you're signing a waiver protecting Equifax from a lawsuit. You'll have trouble joining a class action lawsuit against them.

  • Ms.Vanilla

    She only went to jail because she's a woman. Those white zippers ain't never gettin convicted.

  • Blaque Mahogany

    He may have hit someone, not necessarily the chubby girl.

  • Anunnaki

    Just give people who been effected new numbers. Transfer car, house loans, and change all credit card numbers.

  • http://ivyleaguelove.tumblr.com/ Applebootay

    I wonder if this works for people like me. I have a security freeze at every credit bureau and the IRS...if anyone even look at my SS# too long, I'm getting a notification.

  • Anunnaki

    They can and have done so. It's all about who u know. 790 is easy

  • Anunnaki

    They do, it's just if u know the right people.

  • Miss Thang

    This is a crime and they should be arrested for this.

  • my view

    But yet i can't get anyone to hack my student loans

  • Justlooknout

    don't sign up....for data breach.
    you give up legal right for class action lawsuit.

  • Rahab

    Plausible deniability does not suit corporate executives well when they are able to profit off potential financial setbacks to their consumers.

    They should forfeit any profits. JMO

  • https://sandrarose.com SandraRose

    *Sigh* This was covered last week. Usher admitted having sex with the Georgia Jane Doe.

  • https://sandrarose.com SandraRose

    Forget about credit monitoring. It's a rip off. I froze my Equifax account for free. If I need to thaw it for a major purchase or a loan, I pay Equifax $10. I thaw my report once every 2 or 3 years.

  • https://sandrarose.com SandraRose

    You're safe if you freeze your credit report. I told y'all to freeze your reports 2 years ago. It's free.

  • http://thedevereauxshow.com/ Ms.Devereaux

    Ohhh heck no!!! I'm about to start searching myself and contacting them he'd come comoanies and tell them take my ish down!!!

  • Mr.LeBrickJames

    Martha Stewart went to prison for less than what these guys did. They need to go to prison too.

  • Natasha Adams

    I worked for EQUIFAX In Alpharetta GA for 2 1/2 years. I worked in the building across from the computer center. I just knew something bad was going to eventually happen because Equifax employs a revolving door of people of East Indian descent to work in their computer center. They usually come over and work in the computer center a year or two and then go back. Our department's IT person was East Indian. This continued month after month. I used to say can't they find Americans to fill these jobs. This was going on during the recession and continues today. I thought of terrorism because they ran the computers that contained our credit files. So this hacking does not surprise me.

  • https://twitter.com/Chicagowise Chicagowise

    I'm not giving that site free publicity. However, I found the site by Googling my name. Google yourself and see what's out there.

  • NIA

    If you going to HACK wipe out everyone's debt ..

    Wishful thinking...

  • NIA

    Those F'ers.... them executive are dangerous animals...

  • morenYAHdelsur

    Biggest American criminals in plain sight!

  • morenYAHdelsur

    They'd work for Equifax then go back to India?

  • Harley

    ok I have done that before and found other sites. Just wanted to know to be safe

  • Evillene

    Freezing your credit only prevents authorized users from accessing your credit information. Equifax still maintains your credit file and if it is stolen by a hacker your non-public personal information -- DOB, Tax ID or SS#, phone number, etc. -- is part of the hack even if your credit information is inaccessible to lawful users.

  • Evillene

    Get LifeLock or a credit protection service offered by Experian or Transunion. This hack contains sufficient information to give identity thieves everything they need to compromise your credit and make your life miserable.

  • Tena

    I am one of their fucking victims! I went online to check to see if my info had been compromised, and it said that it was highly probable. And the only thing these bastards could offer was one year of monitoring service?? How about a lifetime subscription to credit monitoring and 100 points added to my score? Meanwhile these white collar thieves are going to still be rich, while the victims are left trying to repair their credit.

  • Queen B

    Do we need to call each bureau to do that? ? I have Experian monitoring services

  • Queen B

    Ok u have said this 2x lol do we need to exchange email addresses in order for u to elaborate and share some connections lol

  • Diva_woman

    That's good to know. I just didn't want to get tricked with that credit monitoring stuff

  • Look@m3

    And I'm scared to look. So sick of these clowns getting away with this mess and all they have to do is answer a few questions by Congress then go back to their million dollar homes

  • Look@m3

    Tf

  • Fire & Ice

    I never understood why these private agencies have access to our information. These aren't federal institutions and they have us by the balls!

  • Seek Truth Speak Truth

    I never understood the concept of credit. I mean, it's another tool invented by white folks to keep their privilege. It's another trick in the book- why should one person have to pay more interest for the same product? Why are these tools always in favor of white folks? When will black folks get tired of asking white folks for every damn thing; an education, a home, a job, medical care?

  • StoneColdLady

    I'm a victim of this as well...44% of the US

  • Solstice

    I went to the link given in another article and I too was notified that my info had been breached. No way am I signing up for their little credit monitoring. If there is a class action lawsuit, I want my change. Also if there's anything negative on my report I plan on disputing everything stating that I was a victim of hacking ?

  • OG MACK

    Aint this insider trading and illegal?

  • Tre

    Me too! WARNING-->if you sign up for the monitoring , the fine print on their website basically said you can not join the class action lawsuit should one get started. I signing up for the LAWSUIT!!! This is ridiculous, the the white men their committing insider trading and nothing has happened

  • Tre

    YEP

  • Tre

    yep

  • Tena

    Thanks for the heads up Tre. I'd rather join the class action law suit. I hadn't signed up yet because they gave me a date to come back and apply for the service. I need to get paid like them executives.

  • Tena

    Also can you send me the link to sign up for the lawsuit?

  • Ebony Starr

    What does "but if there was any sexual contact any harm was 'unintentional" mean?!!!

  • Coy little wink

    It means what it says...its plain English!

    He denies everything...but in case sex occurred....harm was unintentional. He can't remember everyone he has sexed (his mind says no but his body may have said yes ?)

  • Ebony Starr

    Ok!

  • chris

    Yeah right I must be in the wrong circles ?

  • chris

    Put me down please

  • Anunnaki

    It's all about understanding contract law and you will win every time. Pick up blacks law dictionary, get to know how the actual debt occurred. U will find that u truly don't owe anyone. Every wonder how a chapter 11 can discharge all your debt. And u owe nothing, if u do it's the crooked system playing cat and mouse with u. Ask yourself how was they able to just wipe my debt out. Its understanding who is the debtor and who is the creditor. U will learn u are lawfully thr creditor and banks are 3rd partie fraudsters that taken from u, what u actually don't owe.

  • Kellsonthe1sand2s

    The keyword here is, "after". If they sold the stocks before the data breach, than it would be inside trading. By them selling the stock after the breach, we are lead to believe that they did not have information about the breach. This is not illegal.

  • Queen B

    Yea my brother was telling me this and we've been talking about it for quite some time. He mentioned something about our birth certificate being used as collateral and its worth a lot of money

  • Anunnaki

    U really dont need the birth certificate stuff its to much of a headache , learn the basic and then work your way to understanding who u are, when it comes to debtors and creditors but as far as credit goes u can clean your credit yourself , get rid of basic debt then learn how to discharge your own stuff look into secured party creditor, thats a great start

  • Queen B

    Well thank you!! See something good can come from these blogs after all!!

  • Blue

    They got me too! According to one news report, they waiting 6 weeks to let the public know about the breach. Snakes.

  • ?Patty Kakes?

    I hate to say it, but I bet a Jew have something to do with the selling of the stock