On Sep 7 their stock was $142.72. One week later it's at $95.64.
Thank goodness their execs were able to make a few bucks before their stock took a big hit.
Equifax hacked
- Thread starter F4Gary
- Start date
Thank goodness their execs were able to make a few bucks before their stock took a big hit.
We locked our credit online on all 3 credit bureaus. 2 were free and 1 cost $3. Lock all 3. You are given PIN to unlock. Freezing is not recommended if you for some reason have many accounts opening and closing or plan on a loan in the near future.
The stock was most likely part of a compensation package and they made money regardless. He still is holding a lot more shares which lost a lot of value of recent. Selling the 7,000 shares that was coincidentally timed just netted him an additional 350k. While that is a lot of us, this guy's compensation was 12 million last year. To risk that kind of job for the purpose some are claiming, benefits, golden parachute and jail time for 350k is what headlines and congressional reviews are made for.
Anytime I wonder if greed can be dumb I think of Martha Stewart. She saved less than $50k with that move...
Link
Are STEM degrees are overrated?
"Mauldin has been with Equifax as CSO / CISO since 2013. She was previously Senior Vice President and Chief Security Officer at First Data Corporation, until July 2013. Mauldin was also SunTrust Banks’ Group Vice President from 2007 to 2009.
So far so good, but a problem emerges: according to LinkedIn, Mauldin’s stated educational background has no security or technology credentials, and consists of.... a bachelor’s degree in music composition (magna cum laude) and a Master of Fine Arts degree in music composition (summa cum laude), both from the University of Georgia."
Are STEM degrees are overrated?
"Mauldin has been with Equifax as CSO / CISO since 2013. She was previously Senior Vice President and Chief Security Officer at First Data Corporation, until July 2013. Mauldin was also SunTrust Banks’ Group Vice President from 2007 to 2009.
So far so good, but a problem emerges: according to LinkedIn, Mauldin’s stated educational background has no security or technology credentials, and consists of.... a bachelor’s degree in music composition (magna cum laude) and a Master of Fine Arts degree in music composition (summa cum laude), both from the University of Georgia."
So they weren't pre scheduled trades by the executives. And appears they claiming that they did not know of the breach on Aug 1 and 2 when they sold.
Sounds pretty shady.
Equifax told us on September 7 that, "The three executives who sold a small percentage of their Equifax shares on Tuesday, August 1, and Wednesday, August 2, had no knowledge that an intrusion had occurred at the time they sold their shares.”
http://tcrn.ch/2x90Ym6
Sounds pretty shady.
Equifax told us on September 7 that, "The three executives who sold a small percentage of their Equifax shares on Tuesday, August 1, and Wednesday, August 2, had no knowledge that an intrusion had occurred at the time they sold their shares.”
http://tcrn.ch/2x90Ym6
Nice to know their executives are not in the loop for a data hack impacting half the country. That should be a fireable incompetence offense unto itself.
Not a ad idea, we do have short memories, however it looks like this July hack was the second one this year. Less info on what actually occurred in March.
https://www.cnbc.com/2017/09/18/equifax-acknowledges-second-security-incident-march.html
I tried to freeze Equifax and got this:
We are currently unable to service your request.
Please try again later.
We are currently unable to service your request.
Please try again later.
My wife worked 12-13 years with equifax before leaving 3 years ago, that Mauldin lady was hired a few months before she left. As a side note, her music degrees are crap and mean nothing, according to my wife who has an undergrad, 2 masters, and DM in music.
I don't think it's unusual when some type of hacking of this nature occurs to extremely limit who knows what within an organization. You might find that the outside tech security people brought in, as well as the FBI, may have also instructed equifax to limit who were privy to information.
I don't think it's unusual when some type of hacking of this nature occurs to extremely limit who knows what within an organization. You might find that the outside tech security people brought in, as well as the FBI, may have also instructed equifax to limit who were privy to information.
Side story- my ebay account got hacked.
I sold 2 items and the money went into the hackers paypal. 1st time in a year I've sold anything on there and that happened. Can't believe how furious I am over it as well.
I sold 2 items and the money went into the hackers paypal. 1st time in a year I've sold anything on there and that happened. Can't believe how furious I am over it as well.
Close to $100. Not much, but it really pisses me off.
The paypal people actually walked me thru to the page where the email address was changed to the hacker's email address which in turn goes to their paypal. There it was, plain as day...
A couple month's ago I tried to log on and it wouldn't let me. Considering I've had the same pw forever I had a feeling something was up.. I'm assuming that's when it happened. It's odd that they would choose me, just because I very seldom sell anything on there. Maybe just the beginning to future problems? I will definitely be more vigilant..
The paypal people actually walked me thru to the page where the email address was changed to the hacker's email address which in turn goes to their paypal. There it was, plain as day...
A couple month's ago I tried to log on and it wouldn't let me. Considering I've had the same pw forever I had a feeling something was up.. I'm assuming that's when it happened. It's odd that they would choose me, just because I very seldom sell anything on there. Maybe just the beginning to future problems? I will definitely be more vigilant..
So you went to sell $100 worth of stuff. While the auction is taking place, the hackers change your email user id, item closes and sells, buyer pays, and funds go to their PayPal????
What about the items? Do you have to give to the buyers? What's eBay's policy on that?
What about the items? Do you have to give to the buyers? What's eBay's policy on that?
No...It's my account, my user id and all that. There is an option when selling to direct funds to whatever email address you want the money directed to which in turn is tied to the paypal account. They changed that email address to theirs which in turn directed the money to their paypal account. Everything was my account except the email address they changed. So basically they added another email address to my ebay acct. to funnel any money to their paypal. Seems to me it would be easy to track but what do I know...
I'm ok because I didn't ship the items. The buyers have to file a claim and go thru the process then they will eventually get their money back. I spent about 2 hours on the phone with ebay and paypal trying to get it cleared up. They were good about it but it was aggravating being on hold, transferred and explaining my story 5 different times.
I'm ok because I didn't ship the items. The buyers have to file a claim and go thru the process then they will eventually get their money back. I spent about 2 hours on the phone with ebay and paypal trying to get it cleared up. They were good about it but it was aggravating being on hold, transferred and explaining my story 5 different times.
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So, was able to get a freeze Equifax for free, TransUnion charged me $10, and for whatever reason Experian wouldn't allow me to do it on line so I have to mail it in with a check for $10. All of this was a royal pain in the ass.
Well, you are not a customer, you are merely a resource for cash, so how does it benefit them to keep you happy? Esp when you are trying to stop them from making money off of you?
oh know that. hopefully, none of my info is out in the world and making the rounds by the scum of the earth. I also hope that this leads to better protection of our info. Also why the hell are we still using the Social Security number as a form of identification to do anything financial??Well, you are not a customer, you are merely a resource for cash, so how does it benefit them to keep you happy? Esp when you are trying to stop them from making money off of you?
62Nole
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