This guidance is material in light of the insider trading charges the SEC recently brought against Equifax's former chief information officer Jun Ying. According to the SEC, Ying "allegedly used confidential information entrusted to him by the company to conclude that Equifax had suffered a serious breach." Before Equifax publicly disclosed the breach, Ying allegedly exercised all of his vested Equifax stock options and then sold the shares, avoiding more than $117,000 in losses.