Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
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Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#2The plot thickens.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#3I'm sure this looks good for the insider trading news.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#4I thought this was already known? Is this a new revelation?
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#5I thought this was already known? Is this a new revelation?
The headline is ambiguous, but it's not five months before they disclosed, it's five months before the July date they originally disclosed they were hacked.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#6I thought this was already known? Is this a new revelation?
The headline is ambiguous, but it's not five months before they disclosed, it's five months before the July date they originally disclosed they were hacked.
> In a statement, the company said the March breach was not related to the hack that exposed the personal and financial data on 143 million U.S. consumers, but one of the people said the breaches involve the same intruders.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#7I think it's good news- if your identity has not been used, there's less chance that it will be, because the data has been already out for that long.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#8The timeframe isn't unusuall unless they've also have not reported it to major stakeholders and regulatory bodies.
That said this might absolve them of some responsibility if 5 months ago that vulnerability wasn't disclosed to major companies.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#9I'm sure this looks good for the insider trading news.
> Pros for not prosecuting:
The size of the sells were truly negligible for all executives involved, in proportion to how many shares they have and routinely liquidate. The same argument that there were any sells at all would been made regardless of the number of shares.
A company that size will always have material non public information.
Equifax's OPSEC was horrible all along and a gigantic leak was bound to happen, so the extent and ramifications of this fairly routine breach were eeeeehhhh not considered.
> Cons for not prosecuting:
The execs did it on the same day.
Something something the people something want blood.
Re: Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
#10I think it's good news- if your identity has not been used, there's less chance that it will be, because the data has been already out for that long.
I was told they usually aren't used until at least a year after the fact, because this line of reasoning. Not sure how true that is.