News for hackers. Stuff that matters.
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by g051051 on Sunday September 10, 2017 @01:37PM (#15213263)
Take a look at the analyst outlook and decide if you still think that's going to happen: https://baird.bluematrix.com/docs/pdf/dbf801ef-f20e-4d6f-91c...
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by uiri on Sunday September 10, 2017 @03:53PM (#15213995)
Our understanding is data retained by EFX primarily generated through consumer interactions was breached via the Apache Struts flaw (i.e., core databases not believed to have been breached).

This is complete and utter garbage. There is no solid evidence to back this theory of the breach. It is still too early to tell exactly what data was leaked and how. We simply won't know until the security consultants auditing Equifax's systems publish a report (or otherwise publicize their results).

Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by clra on Sunday September 10, 2017 @05:32PM (#15214418)
I also find it pretty hard to believe that a company like Equifax didn't just have everything hooked up to one big database, but I still don't think it's likely the breach is going to take the whole company down.

Most people aren't going to be tuned into the leak the same way that we are on HN, they've still got their special place in a government-sponsored near-monopoly, and big companies have the resources to deflect blame and hunker down to weather the storm.

Remember the Deepwater Horizon spill and how angry people were at the time? These days, a large majority probably don't remember the details or even the name of the bigco responsible.

Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by g051051 on Sunday September 10, 2017 @08:10PM (#15214995)
Where do you think the analyst got their information? Companies routinely share such things so that the analysts can get updated guidance out and prevent excessive panic from investors.
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by anigbrowl on Sunday September 10, 2017 @09:07PM (#15215165)
The management of the firm has already been selling shares while keeping the data breach covered up, so let's assume for now that any information coming out of their without a subpoena is a pack of lies. They've blown any claim they had to the benefit of the doubt.
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by g051051 on Sunday September 10, 2017 @09:41PM (#15215302)
A silly and baseless claim. The executives didn't know about the breach at the time of sale, and it wasn't "covered up". It's standard industry procedure to first stop an intrusion, investigate the scope, contact law enforcement and regulatory agencies, and prepare a consumer response, before publishing a breach. This wasn't something that was dug up by an investigation, so calling it a cover-up is simply wrong.
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by anigbrowl on Monday September 11, 2017 @02:53AM (#15216518)
Sure, I always dump stock in companies I manage while sticking to standard industry procedure after not sticking to any industry procedures until I had a massive failure. Sorry, I am not into business people the benefit of the doubt when all the facts point the other way.
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by daemin on Monday September 11, 2017 @07:42AM (#15217742)
Could it be that the executives will get in more trouble for selling the shares - i.e. insider trading - than for managing the company with such a massive data breach?
Re:Equifax Lobbied to Kill Rule Protecting Victims of Data B... by g051051 on Monday September 11, 2017 @09:16AM (#15218236)
They weren't "dumping stock". They sold a small percentage of their holdings. They have much larger stakes in Equifax than what was sold.