A former top Equifax executive was charged on Wednesday with insider trading for selling nearly $1 million in company stock after he learned about a major data breach in 2017 but before it was publicly announced.
Jun Ying, the former chief information officer of Equifax’s core United States consumer reporting division, exercised all of his vested stock options and sold nearly $1 million in shares a little more than a week before Equifax announced that hackers had broken into its systems , according to the Securities and Exchange Commission.
The breach compromised sensitive information, including Social Security numbers, of more than 140 million Americans. Mr. Ying avoided $117,000 in losses because of the timing of his sale, the S.E.C. said in a civil complaint.