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Equifax engineer who designed breach portal gets 8 months of house arrest for insider trading

Posted on October 17, 2018 by Dissent

Catalin Cimpanu reports:

A former Equifax engineer who coded parts of the company’s breach notification website for last year’s security incident was sentenced this week to eight months of home confinement and restitution of ill-gotten funds after using insider information about the Equifax breach to make over $75,000 from insider trading.

The sentence was passed down yesterday by an Atlanta judge to a man named Sudhakar Reddy Bonthu, 44, of Cumming, Georgia.

Read more on ZDNet.

Related posts:

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  • IRS’s Top 10 Identity Theft Prosecutions
  • Equifax data breach aftermath: lawsuits and criticism mount, stock prices plummet (Updates)
  • Credit reporting firm Equifax says data breach could potentially affect 143 million US consumers
Category: Business SectorInsiderOf Note

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