The Infinite Brief

After receiving a tip in his role as a CIO that a potential data breach had taken place, Ying began researching the potential impact the public disclosure of the cyberattack may have on the Equifax share price.

After examining how rival company Experian suffered after a 2015 data breach, two days after the discovery of the incident, Ying exercised his stock options and received a total of 6,815 shares.

According to US prosecutors, the insider trading benefited Ying to the tune of over $480,000 and circumvented a loss of over $117,000.