Fenwick privacy and cybersecurity counsel Hanley Chew spoke to The Hill about some of the legal ramifications related to Equifax’s data breach that potentially exposed the personal information of 143 million Americans.
Chew talked about the multiple class-action lawsuits that have been filed against Equifax, noting that “some of the potential claims that may be brought are negligence, breach of contract, fraud, violations of various state consumer protection statutes, a possible violation of the Fair Credit Reporting Act.”
Top Equifax executives also continue to face scrutiny over stock sales completed before the breach was publicly revealed.
“If it turns out that they did have knowledge of the breach and they sold prior to disclosure of the breach not as part of their regular, predetermined trading plan, then we’re looking at potential insider trading lawsuits and potential law enforcement investigation,” Chew told The Hill.
The full article is available on The Hill website.