Former Equifax Manager Charged With Insider Trading

This past week, the Securities and Exchange Commission charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. customers. This is the second case the SEC has filed arising from the Equifax data breach. In March, the former chief information officer of Equifax’s U.S. business unit was charged with insider trading.

via Edward Lee Moody Jr., et. al. (Release No. LR-24184; Jul. 3, 2018).