Yahoo Finance Live anchor Seana Smith details a new report that the SEC is charging three individuals with insider trading related to Equifax's hack in 2017.
Three people have been accused of trying to illicitly profit from their knowledge of a huge data hack that affected 15 million Britons.
Equifax, a provider of consumer credit scores, revealed https://www.reuters.com/article/us-equifax-cyber-idUSKCN1BI2VK in September 2017 that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July of that year, making it one of the largest data breaches in the United States. According to the SEC's complaint, Equifax hired a public relations firm in August 2017 to help handle the media inquiries it expected to result from the breach. Ann Dishinger, who worked as a finance manager at the public relations firm, learned about the Equifax breach through her role and tipped her significant other, Lawrence Palmer, with the non-public news.