Equifax exec’s inside trade shame: Software boss sentenced for mega-hack stock profit

An Equifax executive – who knew the biz had been hacked before it was made public and banked over $75,000 in stock trades using this inside knowledge – has avoided jail. Sudhakar Reddy Bonthu, formerly a software product development manager for Equifax’s Global Consumer Services team, admitted to learning that hackers have made off with the personal records of 46 million people in August 2017, and days later exploited that information in share trades.

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