Executives Sat on the Story While They Sold Stock at a Profit
Equifax U.S. Information Solutions President Joseph Loughran probably encouraged IT folks to use simple username/password combos like they did in Argentina when they used *admin/admin*. http://www.bbc.com/news/technology-41257576
The first customers to sign up for credit freezes reported that simple easy to guess PINS were generated by Equifax, rather than letting customers choose their own up to 15 digit PINS (like TransUnion and Experian did).
Bottom Line - as is obvious from SEC Regulatory filings, the three Equifax executives — Chief Financial Officer John Gamble, U.S. Information Solutions President Joseph Loughran and Workforce Solutions President Rodolfo Ploder — completed stock sales on Aug. 1 and 2, Equifax could not care less about the precious data they barter and sell as long as executives can be compensated in the millions.