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Equifax Data Breach

W

WVU82_rivals

Senior
May 29, 2001
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Last edited:
W

WVU82_rivals

Senior
May 29, 2001
199,091
686
0
lol...


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W

WVU82_rivals

Senior
May 29, 2001
199,091
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see the s on the end of the http ?

that means 'secure'...

anytime you do a transaction online...

make SURE the S is there...
 
M

MountaineerWV

Sophomore
Sep 18, 2007
26,324
191
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WVU82 said:
see the s on the end of the http ?

that means 'secure'...

anytime you do a transaction online...

make SURE the S is there...
Click to expand...

Yep, know all about that. But if hackers could get in to Equifax, pretty sure that was "secure" too.
 
B

Boomboom521

Redshirt
Mar 14, 2014
20,115
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They wait 3 weeks to notify the public? And I heard their CFO dumped all his stock in the company last week (another top exec did as well)? Criminal junk, imo.
 
DvlDog4WVU

DvlDog4WVU

All-Conference
Feb 2, 2008
47,201
3,271
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Boomboom521 said:
They wait 3 weeks to notify the public? And I heard their CFO dumped all his stock in the company last week (another top exec did as well)? Criminal junk, imo.
Click to expand...
The latter is illegal. It's insider training. You have to wait until info is released tobtge public.
 
J

JLW71073

Redshirt
Aug 7, 2003
6,499
7
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I learned a little more yesterday about this one. The hackers mostly stole SSN, addresses, DOB, etc. You know, all the things you need to open accounts. It didn't sounds like they got many CC. If I were you I would sign up for one of these free credit monitoring products like credit karma. You may also consider freeing your credit so no one but you can open an account.
 
C

COOL MAN

Sophomore
Jun 19, 2001
34,696
109
63
Has anyone from Equifax....like, say, CEO Richard Smith, or CFO John Gamble (who was one of the three who sold ahead of the bad news)......taken the gas yet for this abortion ?? IMO, at the very least, the Big 3 (plus Smith) need to pay with their professional lives (and not the braves in the IT labs).
 
M

MountaineerWV

Sophomore
Sep 18, 2007
26,324
191
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COOL MAN said:
Has anyone from Equifax....like, say, CEO Richard Smith, or CFO John Gamble (who was one of the three who sold ahead of the bad news)......taken the gas yet for this abortion ?? IMO, at the very least, the Big 3 (plus Smith) need to pay with their professional lives (and not the braves in the IT labs).
Click to expand...

Are you kidding? They will have a golden parachute plan of MILLIONS (if not BILLIONS), so what if they end their "professional lives". Seize their profits from the sell of stock..........
 
B

Boomboom521

Redshirt
Mar 14, 2014
20,115
6
0
COOL MAN said:
Has anyone from Equifax....like, say, CEO Richard Smith, or CFO John Gamble (who was one of the three who sold ahead of the bad news)......taken the gas yet for this abortion ?? IMO, at the very least, the Big 3 (plus Smith) need to pay with their professional lives (and not the braves in the IT labs).
Click to expand...
Jail!
 
DvlDog4WVU

DvlDog4WVU

All-Conference
Feb 2, 2008
47,201
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Boomboom521 said:
It's not insider trading if you are an insider of the company is it?
Click to expand...
100%

For instance, I knew a couple of weeks prior to formal notification of the public that we had won a contract which gave us a bump on our stock price. If I would have even dorked with my 401k allocations it would be illegal.

Conversely, if I had worked for VW and knew of the report that was released that detailed all of the fraud in their testing and sold off my stock before an official public release (expose stories count), that would have also qualified as insider trading.

In both instances, you are acting on inside information.
 
J

JLW71073

Redshirt
Aug 7, 2003
6,499
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DvlDog4WVU said:
100%

For instance, I knew a couple of weeks prior to formal notification of the public that we had won a contract which gave us a bump on our stock price. If I would have even dorked with my 401k allocations it would be illegal.

Conversely, if I had worked for VW and knew of the report that was released that detailed all of the fraud in their testing and sold off my stock before an official public release (expose stories count), that would have also qualified as insider trading.

In both instances, you are acting on inside information.
Click to expand...
This is very accurate description.

Another way is called tipping. If in the above situation if you were to even allude to a situation to a friend or family member and they made a trade it would be insider trading.
 
J

JLW71073

Redshirt
Aug 7, 2003
6,499
7
0
WVUCOOPER said:
At this time? Due process. Let's see where we are in 18 months.
Click to expand...
The Senate has already called for an investigation. I don't the details about the transaction. If it were part of an automated trade (monthly sale or purchase on the same date) then I think it would be allowed (I could be wrong here). If they stopped an automated transaction then that wouldn't be allowed.
 
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