Equifax, one of the nation’s top credit reporting agencies, recently announced that the financial information of 143 million people – almost half of the country’s population – had been compromised by a data breach in July.
What information did cybercriminals get?
Names, addresses, birth dates, and Social Security numbers – enough information to create the potential for millions of dollars in illegal credit card purchases and other types of theft. Additionally, credit card numbers for approximately 209,000 consumers were accessed, according to an Equifax statement. The company has a website (http://www.equifaxsecurity2017.com) for people to find out if they have been impacted by the data breach.
The thing that is even more troubling is that top Equifax executives sold shares of the company shortly after a massive data breach was discovered, according to a CNNMoney report, which said that the transactions occurred before the company announced the breach to the public. For example, according to filings with the SEC, Equifax Chief Financial Officer John Gamble sold shares worth nearly $950,000 on August 1, CNNMoney reported.