Re:Equifax Stock Sales Are the Focus of U.S. Criminal Probe
by bodz on Monday September 18, 2017 @01:25PM
(#15277758)
I don't believe there's any claim that they didn't learn of it until the public announcement, only that they didn't know of it at the time of the stock sale which was on Aug 1st, only a few days after the breach was "discovered".
Now, based on my experience, it's entirely possible that the July 29th "discovery" date only refers to the date on which some security analyst noticed abnormal behavior. That, combined with the possibility that Equifax doesn't have good security communication practices in place, it easily could have been a few days (or even weeks) before the security team looked into it enough to know the size of the breach and escalated it up to the C-suite.
Now, based on my experience, it's entirely possible that the July 29th "discovery" date only refers to the date on which some security analyst noticed abnormal behavior. That, combined with the possibility that Equifax doesn't have good security communication practices in place, it easily could have been a few days (or even weeks) before the security team looked into it enough to know the size of the breach and escalated it up to the C-suite.