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Equifax Senior Exec Charged With Insider Trading Following Massive Data Breach

An Equifax top executive has been officially charged with insider trading, after the company announced a massive data breach last fall that affected more than 140 million Americans. The executive, then-CIO Jun Ying, allegedly sold almost $1 million worth of stock after he learned of discovery of the breach but before it was announced publicly. While it’s clear that not all of these allegations turn out to be true — three other Equifax executives were investigated, but none were charged — it’s likely to have a chilling effect for other companies facing similar questions following a security incident, including Intel CEO Brian Krzanich.

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