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Equifax Faces Multibillion-Dollar Lawsuit Over Hack

bloomberg.com

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Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#31

Post by stdgy »

throwaway2048 wrote: post #24
spinlock wrote: post #18

Earlier quoted context omitted.

IMO, the best outcome would be to put Equifax out of business. I have had my identity stolen and they were complicit in enabling the fraud against me. Once you tell them you're NPI has been compromised, they get incredibly passive aggressive against you and refuse to allow you to manage the situation (i.e. they won't let you unlock your credit to apply for a mortgage). In short, this breach of public "trust" is only…

I'm not so sure about that, the data they have just gets resold to some other party when they go bankrupt, possibly many other parties and shit gets worse.

Is there any legal way to stop sales like that? If it were shown that Equifax were negligent in protecting the data on their systems, could a court demand that they remove all of the data to mitigate further harm?

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#32

Post by xur17 »

hedora wrote: post #17

I'd love to see the $70B number pan out (though $500 per person is less than the damages, I think) -- Equifax is a $17B company, and would presumably stop existing if that happened. On the other hand, these things always settle out of court, and Equifax certainly won't settle the suit for more than they're worth. I said it elsewhere, but I think the right response is to opt out of the class, and sue for $1000 in smal…

I saw your post about this in the other thread. If anyone wants to work together on this idea, my contact info is in my profile. If someone has a lawyer we can loop in (or is a lawyer), that would be ideal.

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#33

Post by X86BSD »

mlrtime wrote: post #29
hedora wrote: post #17

I'd love to see the $70B number pan out (though $500 per person is less than the damages, I think) -- Equifax is a $17B company, and would presumably stop existing if that happened. On the other hand, these things always settle out of court, and Equifax certainly won't settle the suit for more than they're worth. I said it elsewhere, but I think the right response is to opt out of the class, and sue for $1000 in smal…

Could we create a service that automates most of the work required to sue in SCC?

Why not? Wouldn't it be the same as the kid that automated fighting a speeding ticket or traffic infraction ticket?

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#34

Post by ethanwillis »

hedora wrote: post #17

I'd love to see the $70B number pan out (though $500 per person is less than the damages, I think) -- Equifax is a $17B company, and would presumably stop existing if that happened. On the other hand, these things always settle out of court, and Equifax certainly won't settle the suit for more than they're worth. I said it elsewhere, but I think the right response is to opt out of the class, and sue for $1000 in smal…

Can I actually do this? Cause if I can I'm totally doing this.

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#36

Post by ovao »

hedora wrote: post #17

I'd love to see the $70B number pan out (though $500 per person is less than the damages, I think) -- Equifax is a $17B company, and would presumably stop existing if that happened. On the other hand, these things always settle out of court, and Equifax certainly won't settle the suit for more than they're worth. I said it elsewhere, but I think the right response is to opt out of the class, and sue for $1000 in smal…

Why $1,000? And how would you prove damages equaling that amount?

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#38

Post by Arubis »

spinlock wrote: post #23
mbesto wrote: post #11

Anyone have a good source for an unbiased (i.e. not trying to sell me something) "what exactly should I do" now? File for the class action? Freeze my accounts? Get identity protection?

How did you find out if you were affected?

Presumably (s)he holds a US credit card. The stats on this release are such that most adult Americans are more likely affected than not.

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#39

Post by spinlock »

samstave wrote: post #7
atom_enger wrote: post #3

The super fucked up part is that it automatically signs you up for their "Credit protection" if you use their site to see if you were impacted. Doesn't ask if you'd like to, just says "Thanks for signing up, your year starts now!"

do the TOS require one to only go through mediation as a part of this, so by signing up you waive your right to sue?

That should be ex-post-facto of the data breach (i.e. they leaked your data before you agreed to the TOS so you waive your rights to sue from that point forward). I'm not a lawyer and I wouldn't agree to this. I checked and I am affected. I'm going to sign up for LifeLock (because it's super expensive) and file a small claim to recoup the cost.

I really hope this puts Equifax out of business.

Re: Equifax Faces Multibillion-Dollar Lawsuit Over Hack

#40

Post by tanderson92 »

3JPLW wrote: post #16
samstave wrote: post #7

Earlier quoted context omitted.

do the TOS require one to only go through mediation as a part of this, so by signing up you waive your right to sue?

Yes, the TOS does require arbitration (including for actions that occurred before signing the TOS), but it's not clear if it applies to just the child company that is providing the credit monitoring service or if it applies to the actions of the parent company, too. I am not a lawyer. https://trustedidpremier.com/static/terms

One thing I'm trying to wrestle with is why they would make you agree to arbitration for actions prior to signing TOS if indeed it applies only to the child company. Your relationship with the child company begins when you sign the TOS, no?
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