An internet engineer at Equifax who coded parts of a breach portal for the credit agency has been sentenced to 8 months of house arrest for insider trading. He was convicted of using insider information about the Equifax breach to make more than $75,000. The U.S. Securities and Exchange Commission (SEC) said Sudhakar Reddy Bonthu, 44, of Cumming, Georgia, figured out on his own that the website he was building was for a massive security breach at Equifax, the very company he worked for. Reuters That site was 'equifaxsecurity2017.com,' where Equifax sent everyone to see if they were affected by that huge 2017 security breach, in which personal data for more than 145 million users was hacked. In addition to the eight months of home confinement, Mr.
Equifax Engineer Gets 8 Months House Arrest For $75,000 Insider Trading Spree
Xeni Jardin, Boing Boing
Wed, 10/17/2018 - 3:11pm
Topics: the u.s securities exchange commission sec sudhakar reddy bonthu cumming georgia reuters mr bonthu in august march equifax bonthu bonthu zdnet project sparta september the sec engineer months house arrest for insider trading breach stock company internal security options information data managers affected client worked
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