Equifax Hacked - 143M US Consumers could be affected

[repoman0]

when they send them with prepaid, self-addressed envelopes, I shred up their offer, put it in the return envelope, and back in the mail. No reason they shouldn't be 2x on the hook for mailing trash to my place, and no reason I should be the one disposing of it.

I'll be stealing this strategy from now on. Happy to support the USPS on the cc company dime

 

[eng2d2]

I'll be stealing this strategy from now on. Happy to support the USPS on the cc company dime

If you fill up the envelope with more paper and make it heavier the postman will charge them more. If you fill it with obvious trash the recepient can refuse it. Make it look official and heavy. Enjoy and support the usps

 

[Svnla]

Latest news, look at Equifax poor security practices and how it ignored repeated warnings from security researchers prior to the breach.


https://motherboard.vice.com/en_us/...ch-social-security-numbers-researcher-warning

 

[Svnla]

Latest news, former Equifax executive charged with insider trading for dumping nearly $1 million in stock ahead of data breach - https://www.cnbc.com/2018/03/14/for...ith-insider-trading-ahead-of-data-breach.html

Bastards.

 

[fleshconsumed]

Latest news, former Equifax executive charged with insider trading for dumping nearly $1 million in stock ahead of data breach - https://www.cnbc.com/2018/03/14/for...ith-insider-trading-ahead-of-data-breach.html

Bastards.

Well color me shocked. Wouldn't surprise me if all they got was a slap on the wrist though.

 

[[DHT]Osiris]

Well color me shocked. Wouldn't surprise me if all they got was a slap on the wrist though.

I'm sure there's a cabinet position waiting for him in the current administration (if only cuz the position will be inevitably vacated soon =P).

 

[Exterous]

Well color me shocked. Wouldn't surprise me if all they got was a slap on the wrist though.

Oh no - its not all of them. Just one guy who wasn't a C level during the breach. He took over as CIO when the CIO resigned. Guess he wasn't a member of the club for long enough to not be sacrificed:

Ying is not one of the Equifax executives who attracted attention for disclosing they had sold $1.8 million of stock just days after the company discovered security issues and weeks before it announced the intrustion.

In November, a special committee of Equifax's board found that the sales, by four executives, were not improper and that none of them knew about the security breach at the time of the sales. The executives were CFO John Gamble; Joseph Loughran and Rodolfo Ploder, who run two of its business units; and Douglas Brandberg, a senior staffer in investor relations.

Yep they just happened to sell a steadily increasing stock in massive quantities right before bad news hit. There was no possible way that any sort of word could have gotten to our CFO about a massive breach before he heard about it on the radio. Just a coincidence. Trust us - we investigated ourselves!

 

[ch33zw1z]

https://www.cnbc.com/2019/02/13/equifax-mystery-where-is-the-data.html

so the data is missing? can't find it anywhere on the interwebs?

 

[destrekor]

https://www.cnbc.com/2019/02/13/equifax-mystery-where-is-the-data.html

so the data is missing? can't find it anywhere on the interwebs?

Spy games. I may be wrong but I believe a lot of the OPM (Office of Personnel Management) breach data was also never found for sale either.

Some country(ies) have a wealth of information on people like me.

 

[s0me0nesmind1]

Anyone know the results of the insider trading ? I did a quick google but came up empty.... Didn't think it would take this long to decide.

 

[BarkingGhostar]

Makes no difference if it were criminally organized or done by a nation-state the end result is that the information was stolen.

 

[destrekor]

Makes no difference if it were criminally organized or done by a nation-state the end result is that the information was stolen.

I'd say it makes a hell of a lot of difference, at least to the people who had their data stolen. Now from the perspective of "this company had shit so fucked up they practically allowed it to happen"? Yeah to hell with them.
But that's water under the bridge at this point. Now the worry is, what happens to my data. If it's on the black market/darkweb, that worries me far more than if it stays in the hands of a nation-state actor who is focused more on data mining and trying to do whatever it is spies are wont to do.

 

[highland145]

I'd say it makes a hell of a lot of difference, at least to the people who had their data stolen. Now from the perspective of "this company had shit so fucked up they practically allowed it to happen"? Yeah to hell with them.
But that's water under the bridge at this point. Now the worry is, what happens to my data. If it's on the black market/darkweb, that worries me far more than if it stays in the hands of a nation-state actor who is focused more on data mining and trying to do whatever it is spies are wont to do.

Credit freeze and forget about it. Also, one good thing congress did in the early 2000's(?) was give you the ability to dispute the crap out of erroneous trade lines.

 

[BarkingGhostar]

I'd say it makes a hell of a lot of difference, at least to the people who had their data stolen. Now from the perspective of "this company had shit so fucked up they practically allowed it to happen"? Yeah to hell with them.
But that's water under the bridge at this point. Now the worry is, what happens to my data. If it's on the black market/darkweb, that worries me far more than if it stays in the hands of a nation-state actor who is focused more on data mining and trying to do whatever it is spies are wont to do.

I wasn't trying to minimalize the situation here. I was saying it makes no difference to whom did the hacking. Equifax screwed up and must pay the penalty, and to me that penalty should be appropriate for worse case future abuse of lost data.

 

[snoopy7548]

Credit freeze and forget about it. Also, one good thing congress did in the early 2000's(?) was give you the ability to dispute the crap out of erroneous trade lines.

Yep. These days, your credit should automatically be frozen 24/7 until you need it, and then automatically re-freeze.

The downside is all the information the hackers stole is all they need to unfreeze your credit. Whoops...

 

[highland145]

The downside is all the information the hackers stole is all they need to unfreeze your credit. Whoops...

I doubt they have that 24 digit # and the name of my 1st lay.




edit: Shut up, Boomer, it's not my mom's maiden name. Asshole.

 

[Red Squirrel]

It pisses me off that nobody got in trouble over this. The effects of this hack are going to be life long lasting for many people. Every exec at Equifax responsible should be doing life in prison and the company should be liquidated and shut down. Of course that would never happen. They actually made money from this by selling more credit protection services.

The whole SSN system needs to change though. Not sure what would be the best way but a number that everybody stores that is essentially the password to your life, is a terrible way of doing it.

 

[IronWing]

https://www.cnbc.com/2019/02/13/equifax-mystery-where-is-the-data.html

so the data is missing? can't find it anywhere on the interwebs?

My bad, it's been sitting in my inbox.

 

[rh71]

Just watched a movie called Margin Call (2011). Similar story with the stock offload just before fit hit the shan. Good movie and great performances by Kevin Spacey and Jeremy Irons. Worth a watch.

 

[s0me0nesmind1]

Necro bump... At least SOME good news. Ultimately, looks like peanuts. I thought there were other executives that had much higher dollar inside trading allegations?

Former Equifax executive sentenced to prison for insider trading prior to data breach

The Justice Department announced this week that former Equifax CIO Jun Ying has been sentenced to four months in prison for insider trading. He pled guilty earlier this year for for selling his stock in the company prior to the announcement that it had been hit with a massive data breach in 2017.

The Security and Exchanges Commission charged Ying with insider trading last year. The Department of Justice says that in August 2017, after learning about the breach, he began researching the impact that a similar breach had on another company’s stock price. Later that morning, he promptly exercised and sold all of his stock options, earning nearly a million dollars from the sale. In doing so, he avoided a loss of $117,000 that he otherwise would have incurred when the company’s stock price dropped after the disclosure. More than 150 million people had their personal information leaked in the incident.

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” U.S. Attorney Byung J. Pak said in the announcement. “He abused the trust placed in him and the senior position he held to profit from inside information.” The DOJ says that Ying is the second person found guilty for insider trading: Sudhakar Reddy Bonthu, another employee, pled guilty last July.

https://www.theverge.com/2019/6/29/...il-time-insider-trading-department-of-justice

 

[nakedfrog]

Not sure that even qualifies as a slap on the wrist... maybe a mild finger wagging?

 

[Red Squirrel]

At least there's prison involved, but since he's some high end rich guy bet he gets special treatment and is not with the general population. So no beatings or rape or any of that.

They need to round up these execs and send them to the concentration camps they've been putting the mexicans through.

 

[s0me0nesmind1]

Not sure that even qualifies as a slap on the wrist... maybe a mild finger wagging?

At least there's prison involved, but since he's some high end rich guy bet he gets special treatment and is not with the general population. So no beatings or rape or any of that.

They need to round up these execs and send them to the concentration camps they've been putting the mexicans through.

While I agree, I thought we were insider trading to the tune of millions? I mean, a CIO making $117k in insider trading is... I mean I hate to say it... but that is just chump change. That is like table scraps.

 

[nakedfrog]

I guess the bigger fish make enough off their escapades to buy their way out of trouble, guess his real crime was not making enough off of it to skate.

 

[Red Squirrel]

Imagine if an average joe managed to make 10k from an insider trade, or perhaps operated a business without a license. Probably like 25 years in jail with no parole to set an example.