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Equifax data breach news was overheard by senior financial manager, Dishinger. The SEC alleged Dishinger knew the information about Equifax was material and tipped off Lawrence which was a violation of her obligations to her employer. The SEC is suing for insider trading.
Her firm certainly didn’t help Equifax avoid any bad press post-hack, but she managed to find a way to generate some of her own.
‘Organised and remarkably brazen’ operation stole personal details of 15 million Britons
The U.S. Securities and Exchange Commission sued three Illinoisans for alleged insider trading tied to the 2017 Equifax Inc. data breach, claiming that one of them used code words spoken by fictional character Gordon Gekko in the 1987 movie "Wall Street" to help conceal the plot.