Jun Ying, 44, who worked as the CIO of Equifax U.S. Information Solutions, pleaded guilty to charges of insider trading in March. He was sentenced Thursday to four months in federal prison and ordered to pay more than $117,000 in restitution and fined $55,000. In July 2018, Sudhakar Reddy Bonthu, a former manager at Equifax, pleaded guilty to similar charges and received eight months of home confinement, federal prosecutors said. |
The 2017 Equifax breach exposed the personal information of 148 million Americans as well as data on Canadian and U.K. citizens. The incident has spawned several investigations of the company, which found that Equifax's failure to patch a vulnerability in the Apache Struts open source web application framework allowed attackers to find their way into the network and steal personal data. Over the course of the last two years, the data breach has cost Atlanta-based Equifax $1.4 billion, which includes overhauling its information security program. |