Former Equifax executive sent behind bars for insider trades, profiting on data breach
By Charlie Osborne
for Zero Day
| July 1, 2019 -- 11:30 GMT (04:30 PDT)
| Topic: Security
"Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims," said US Attorney Byung Pak. "He abused the trust placed in him and the senior position he held to profit from inside information."
The executive is the second former Equifax employee to be charged after trying to cash in on the data breach. An ex-manager, Sudhakar Reddy Bonthu, pleaded guilty to insider trading in July following similar allegations of selling stock ahead of the breach's public disclosure.