Fraud & Identity Fraud & Identity



Fraud & Identity Industry News

TMCNet:  Bragar Eagel & Squire, P.C. Reminds Stockholders of Investigation of Equifax Inc. (EFX) and Encourages Investors to Contact the Firm

[September 11, 2017]

Bragar Eagel & Squire, P.C. Reminds Stockholders of Investigation of Equifax Inc. (EFX) and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. reminds investors that we are investigating potential claims against Equifax Inc. (NYSE:EFX). Our investigation concerns whether Equifax has violated the federal securities laws and/or engaged in other unlawful business practices.

On September 7, 2017, after market close, Equifax announced a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. According to an Equifax press release, criminals exploited a U.S. website application vulnerability to gain access to certain files, and, based on the company's investigation, the unauthorized access occurred from mid-May through July 2017. Equifax further announced that they had discovered the unauthorized access on July 29, 2017.

According to documents filed with the Securities and Exchange Commission, on August 1, 2017 and August 2, 2017, prior to the disclosure of this information, three Equifax executives, John Gamble, Rodolfo Ploder, and Joseph Laughran, sold almost $2 million worth of stock combined.

Following this news, shares of Equifaxfell $19.49 per share, or 13.66%, to close at $123.23 per share on September 8, 2017.


If you purchased or otherwise acquired Equifax securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Equifax Inc., please go to http://www.bespc.com/efx. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.


[ Back To Fraud & Identity's Homepage ]




Industry Insights

(MobileID) Proactive Fraud Prevention

Interconnect-related fraud such as International Revenue Share Fraud (IRSF) and PBX hacking fraud continue to be a billion dollar problem to the telecom industry.

(Defender Shield) Defense solutions for the modern SMS ecosystem

SMS is a ubiquitous communication method for person-to-person (P2P) text messaging, which has been in use globally for nearly 20 years.

(Defender Shield) Preventing Grey Routes and the Multi-billion dollar Threat

The convenience of mobile messaging has brought communication efficiency to billions of consumers worldwide. As is often the case with widely accepted technologies; however, convenience can provide a vulnerable gateway to fraudulent activity.

Product Documents

Asset Protect

While unlimited or high-volume voice and SMS plans offer great value to subscribers, sometimes fraudsters exploit these plans to avoid paying termination and interconnect fees.

Defender Shield

In a world with ever-increasing Application-to-Person (A2P) messaging needs and competition, improving customer satisfaction and eliminating revenue leakage is key for protecting SMS profits.

MobileID

Accurate and cost-efficient routing of voice calls and SMS is critical. Unfortunately, gathering reliable routing data on ported numbers and keeping up with constant changes in number plans is expensive and time-consuming.

Fraud Solutions

Communications fraud is a $20B annual global problem and growing. Companies are looking for peace of mind so that their business and their customers are protected from the onslaught of technology crime that is damaging their reputations and their balance sheets.