0 Share your voice Tags Equifax Hacking Post a comment Security A former CIO for Equifax has been sentenced to four months in prison for insider trading related to the company’s massive data breach in 2017. Jaap Arriens/NurPhoto via Getty Images A former Equifax executive who sold his stock in the consumer credit reporting firm before it announced a massive data breach has been sentenced to four months in federal prison for insider trading. Jun Ying, former chief information officer for the company’s US Information Solutions, was also ordered to pay about $117,000 in restitution and a $55,000 fine, the US Attorney’s Office said Thursday.In 2017, Equifax announced that it suffered a data breach that would affect more than half of the US population, exposing the Social Security numbers, names and addresses of 147 million Americans. The company learned about the breach on July 29, 2017, but didn’t announce it publicly for nearly three months.On Aug. 25, 2017, Ying texted a co-worker about the breach, saying it “sounds bad. We may be the one breached,” according to the indictment. The next week, Ying conducted a web search to learn what happened to Experian’s stock price after the company experienced a data breach in 2015.Three days later, Ying sold all his shares in Equifax, making more than $950,000. Ying’s insider trading happened 10 days before Equifax publicly announced its breach.Ying, 44, is the second Equifax employee convicted of insider trading related to the data breach. Sudhakar Reddy Bonthu, a former Equifax software development manager, pleaded guilty in 2018 to using the insider information to make more than $75,000 on the stock market. Bonthu was ordered to serve eight months home confinement, pay a $50,000 fine and forfeit the proceeds from the stock sale.Correction, July 1: Corrected name of company involved in 2015 breach to Experian.
Raise your hand if you want to stay at Taco Bell’s new hotel Travelweek Group Tags: Taco Bell IRVINE, CA — Taco Bell is opening a hotel. We repeat – Taco Bell is opening a hotel.What a time to be alive! The fast-food chain revealed last month that it will be opening its first-ever hotel in Palm Springs, California called ‘The Bell: A Taco Bell Hotel and Resort’. With excitement building nationwide ahead of the hotel’s August launch, the company has just announced that reservations open on Thursday, June 27 at 10 a.m. PT/1 p.m. ET on its website.But here’s the catch: the adults-only (18+) pop-up hotel will only be open for four nights.First check-in begins Aug. 8, with final checkout on Aug. 12, with no minimum night stay. And with such a small window of opportunity, you better believe guests will be booking with visions of burritos dancing in their heads.Taking over an existing hotel at 333 E. Palm Canyon Drive, The Bell offers over 70 rooms across four room types: one king bed (standard view), one king bed (pool view), two queen beds (standard view), and two queen beds (pool view). Pricing starts at US$169 per night, with rooms going on a first come, first serve basis. More news: Universal enhances popular Harry Potter vacation package with new perksWhat would a Taco Bell-themed hotel look like, you ask?“The hotel draws on Taco Bell’s vibrant palette to create a unique and flavour-filled destination that is the ultimate expression of the brand, unlike anything the brand has done before,” said Taco Bell’s Senior Director of Retail Engagement and Experience, Jennifer Arnoldt. This means that every element of the property will embody the Taco Bell brand and lifestyle, from guestrooms, the pool and outdoor bar, to a twist on the standard hotel amenities (Taco Bell breakfast in bed anyone?).No two days at The Bell will be the same, with performances by Feed the Beat artists, dive-in movies and the first-ever Freeze Lounge, inspired by Mountain Dew Baja Blast, where guests can enjoy frosty beverages.As for food? Well, duh, it’s Taco Bell all day, all night long!Guests will be served Taco Bell’s version of a poolside resort menu in addition to exclusive Taco Bell menu items that will make their debut at the hotel. More details on food will be announced next month.More news: Honolulu authorities investigate arsons at 3 Waikiki hotels; no injuries reportedRoom reservations are expected to go quickly, so hurry up and run for the border! Share Posted by Friday, June 21, 2019 << Previous PostNext Post >>