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Email On September 7, 2017, Equifax, one of the country’s three primary credit reporting bureaus, announced it had suffered a major cybersecurity breach that could potentially affect half of the U.S. population. According to the company, it learned on July 29, 2017, that in mid-May 2017, hackers had gained access to its information systems and stole Social Security numbers, birth dates, addresses, and driver’s license numbers for approximately 143 million of its customers, along with credit card numbers for over 200,000 customers. Since then, it has been separately reported that during the approximately five weeks between discovery of the breach and public disclosure, three senior executives sold approximately $1.8 million in Equifax shares. Meanwhile, since Equifax’s announcement, the company has lost $4 billion in market value, spurring at least one securities class action lawsuit along with a wave of consumer class action lawsuits and scrutiny by Congress. In a https://www.cadwalader.com/resources/clients-friends-memos/equifax-data-breach-highlights-sec-disclosure-obligations-for-public-companies-in-the-wake-of-cybersecurity-attacks