Title: White collar crime Name: Professor: Course: Institution: Date: Article Summary The article presents a case between Jun Ying 42 of Atlanta Georgia and the U.S. Securities and Exchange Commission. The defendant Jun Ying is being formally accused of selling the company’s securities just before the announcement regarding a data breach. Jun Ying Chief Information Officer at Equifax’s USIS exploited his access to non-public information about the company and purportedly sold over 950 000$ worth of company security in form of stock (Department of Justice U.S. Attorney’s Office 2017). He presumably exercised all of his available stock option in order to make profit before the company announced a data breach. In the summer of 2017 Equifax Inc a consumer credit reporting agency which has its headquarters based in Atlanta Georgia suffered a cyber-attack. Hackers obtained personal information of over 145 million individuals mostly American citizens. Jun Ying then Chief consumers after security breach. Under this law a company should notify its consumers on security breach not less than 2 hours after confirmation of the breach. This should eliminate the problem encountered by Equifax consumers. The penalty for breaking this law should be taking responsible for all loses resulting from the security breach without the involvement of insurance companies (Bainbridge 2017). The second law should require companies to file the case to local authorities immediately and also ask help from forensic team. Generally affirming these laws and introducing harsh punishments to companies are the best solution when it comes to handling security breach cases. References Bainbridge S. M. (2017). An overview of insider trading law and policy: an introduction to the Research Handbook on Insider Trading. Research Handbook on Insider Trading 1-30. doi:10.4337/9780857931856.00007 Department of Justice U.S. Attorney’s Office. (2018). Former Equifax employee indicted for insider trading. Retrieved from https://www.justice.gov/usao-ndga/pr/former-equifax-employee-indicted-insider-trading [...]
READ THE INSTRUCTIONS THROUGHLY. I HAVE ATTACHED EVERYTHING NEEDED. _______________________________________________ WHAT YOU HAVE TO DO. READ CAREFULLY- Briefly summarize the content of the article. Take a position on the issue contained in the article. How do you feel about this event? Is this a societal cause or institutional cause? How does this event affect you? What is the social and economic impact? Provide a white- collar crime control deterrence for this case. Write your paper in paragraph form using good sentence structure with proper spelling, grammar, and punctuation. Write the paper in your own words. If you need to use a short quote, cite properly. Your opinion should be thought out using the present information and your personal views. You are to include the following criteria in your assignment: • Title of the article • Using the APA style of citation, where did you get the article? In addition to your article sources, you may add other sources. THIS IS THE ARTICLE ….. www.justice.gov • ALSO MAKE SURE YOU GIVE A LITTLE HISTORY ON THIS RECENT EQUIFAX BREACH THAT JUST HAPPENED.