Equifax executives sell shares before data breach is announced

Days after Equifax discovered its data breach in July 2017 but before the breach was announced publicly in September, three of its top executives including the chief financial officer sold nearly $2 million worth of shares. The company told the Securities and Exchange Commission that the sales represented a "small percentage" of the shares the executives owned and that the three did not know the intrusion had occurred when they sold their shares.

https://www.cnbc.com/2017/09/07/equifax-cyberattack-three-executives-sold-shares-worth-nearly-2-million-days-after-data-breach.html

tags: Equifax, insider trading, SEC, data breaches, security

writers: Todd Haselton

Publication: CNBC