Business in Brief: TSA expects record crowds as July 4 holiday period starts
If you’re traveling this weekend, leave extra time for getting through the airport security line. The TSA projected that the weekend would be its busiest ever, with agents screening more than 2.7 million people Friday alone.
A spokesman cautions, however, that the number could fall short of the record if, for example, storms shut down a major airport for several hours. Friday’s official count isn’t expected for several days.
The Transportation Security Administration expects to screen more than 28 million passengers and airline crew members between Thursday and July 9.
TSA’s single-day record of screening 2.71 million people occurred the Sunday after Thanksgiving in 2004. The Friday before the July 4 holiday last year is the third-busiest day on record.
Ex-Equifax software developer charged with insider trading
A former software developer for Equifax faces insider trading charges related to the company’s massive data breach last year, federal prosecutors in Atlanta said Thursday.
Sudhakar Reddy Bonthu, 44, used nonpublic information to determine Equifax had been breached last year before any public announcement and then bought put options that he exercised for a profit of more than $75,000 after the breach was announced, according to a court filing.
Bonthu, an Indian citizen, entered a not guilty plea; the case is expected to be referred to a U.S. district judge for a guilty plea at a later date.