Smithsaid this particular sale opened after the second quarter earnings call and was in line with normal behavior.
Later, Smith conceded that it was a "mistake" to include language for a credit monitoring system that would force customers into arbitration if they wanted to sue the company.
Smith said in prepared remarks to a House panel that the company on March 9 circulated an internal memo warning about a software flaw identified by the government's Computer Emergency Response Team (CERT).
The colossal data breach also led to several top-level resignations at the renowned consumer credit reporting agency, which includes the chief security officer, the chief information officer, and the chief executive officer.
Smith said security personnel noticed suspicious activity on July 29 and disabled the web application on July 30, ending the hacking.
That didn't stop the committee from thrashing Smith and Equifax's failure to protect user data.
"All the folks in the executive suite had no clue, but they were the luckiest investors on August 1 to sell the stock at the best price to net $655,000 - this was pure luck and nothing else?" a baffled Scott asked former Equifax CEO and Chairman Richard Smith. "How does this happen?' Walden said".
Hackers seem to have made their entry between mid-May and end of July. The company said it would update the database with the names of the additional millions of potentially affected consumers by October 8. "I don't think we can pass a law that fixes stupid".
Consumer Financial Protection Bureau officials have said the agency should embed more regulators at the three largest USA credit-rating firms to monitor cybersecurity - a plan endorsed Tuesday by Representative Jan Schakowsky.
In addition to Congressional inquiries, Equifax faces a number of state and federal probes related to the hack. The company said a review of the impact on British consumers was still being analyzed. "That's all I'll say".
The vulnerability was used by hackers to access the personal data of 145.5 million americans. Barros will also receive a one-time grant of $1.5 million in Equifax stock and will be eligible for at least $372,000 in additional compensation for performance.
Rocker Tom Petty dead at 66
When he arrived at the hospital, it was determined that he had no brain activity and was pulled off life support on Monday. Speaking to Rolling Stone late previous year , Petty revealed the tour would likely be "the last big one".
Trump tells Tillerson he's wasting his time
That's a stance that runs counter to what others in the USA administration - including President Donald Trump - have said. Kim responded by saying he would "surely and definitely tame the mentally deranged USA dotard with fire".
Rams continue strong start, rally past Cowboys 35-30
All they had against the Cardinals was one three-and-out possession totaling 3 yards as the defense struggled as well. In four games, the Rams have already scored 142 points, showing off a 37 point differential in the scoring as well.