Collaborate Disseminate
The SEC says that Jun Ying would have lost over $117,000 if he’d waited until after the public disclosure of the breach to sell his stocks. Continue reading Former Equifax exec charged with stock dumping before breach disclosure
A former Equifax executive, who sold nearly $1 million worth of shares before the company’s massive data breach was made public, has been charged with insider trading.
Continue reading Ex-Equifax exec charged with insider trading after selling $1 million worth of stock before data breach disclosure
A former Equifax executive, who sold nearly $1 million worth of shares before the company’s massive data breach was made public, has been charged with insider trading.
Continue reading Ex-Equifax exec charged with insider trading after selling $1 million worth of stock before data breach disclosure
A former Equifax executive is facing charges from both the Securities and Exchange Commission and the Department of Justice for insider trading before the company publicly announced a massive breach in September 2017. The SEC said in a press release that Jun Ying, Equifax’s former chief information officer, allegedly used privileged information to conclude that Equifax had suffered a breach and subsequently sold all of his stocks for a total of nearly $1 million. The agency claims that, by selling stocks before the company’s public notification, Ying dodged $117,000 in losses. “Ying used confidential information to conclude that his company had suffered a massive data breach, and he dumped his stock before the news went public,” said Richard Best, director of the SEC’s regional office in Atlanta in the release. “Corporate insiders who learn inside information, including information about material cyber intrusions, cannot betray shareholders for their own financial benefit.” The U.S. Attorney’s […]
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Continue reading Former Equifax executive charged with insider trading after mega breach
The lawsuit alleges that some were tipped off ahead of the release of Bitcoin Cash on the platform. Continue reading Coinbase Is Getting Sued for Insider Trading
Cisco Systems has released security updates for its Unified Communications Domain Manager (UCDM) and Elastic Services Controller (ESC) products to address critical vulnerabilities. The vulnerability fixed in UCDM, which is used for unified communicatio… Continue reading Cisco Patches Critical Flaws in Elastic Services Controller and UCDM
Cisco Systems has released security updates for its Unified Communications Domain Manager (UCDM) and Elastic Services Controller (ESC) products to address critical vulnerabilities. The vulnerability fixed in UCDM, which is used for unified communicatio… Continue reading Cisco Patches Critical Flaws in Elastic Services Controller and UCDM
Trades were frozen hours after adding support. Continue reading Coinbase Is Investigating Insider Trading for Bitcoin Cash
The Securities and Exchange Commission announced Monday that the personal information of two people had been compromised in a database breach announced last month. The announcement reverses Chairman Jay Clayton’s previous statements about whether the breach exposed anyone’s personal information. “The ongoing staff investigation of the 2016 intrusion has now determined that an EDGAR test filing accessed by third parties as a result of that intrusion contained the names, dates of birth and social security numbers of two individuals,” an SEC press release published Monday notes. The SEC said that its ongoing investigation uncovered this new information after Clayton initially disclosed the breach in a Sept. 20 statement. The agency is offering the two unidentified individuals “identity theft protection and monitoring services,” according to the aforementioned press release. The commission has two separate, ongoing investigations into how the breach occurred and whether it resulted in illicit trading. The SEC said it is also […]
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Continue reading SEC admits 2016 breach exposed personally identifiable information
The U.S. Securities and Exchange Commission said this week that hackers managed to infiltrate one of its systems last year, something that likely facilitated insider trading. Continue reading 2016 SEC Hack May Have Benefited Insider Trading