Equifax discovered on July 29 that it had been hacked, losing the Social Security numbers and other personal information of 143 million Americans - and then just a few days later, several of its executives sold stock worth a total of nearly $US1.8 million ($2.4 million). When the hack was publicly announced in September, Equifax's stock promptly tanked, which made the trades look very, very sketchy.
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Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Equifax, the major credit reporting agency which collected extensive financial data on hundreds of millions of Americans before losing said data on 143 million of those people to hackers, has finally explained what went wrong.