Equifax Faces Multibillion-Dollar Lawsuit Over Hack

Post by philipps » Sat, Sep 09, 2017, 6:43 AM UTC

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…

Post by jaypaulynice » Sat, Sep 09, 2017, 7:09 AM UTC

Post by bitmapbrother » Sat, Sep 09, 2017, 7:16 AM UTC

cliffcrosland wrote: post #467

To be honest, I feel bad for the engineering team at Equifax. The vulnerability that compromised their system was a bug in an open-source Java library, Apache Struts, and security researchers only noticed it a few days ago. It seems that the Equifax team had very little time to react and update their software. In some sense, I feel that more blame should be placed on the engineers who built the highly popular open-so…

Post by learc83 » Sat, Sep 09, 2017, 7:25 AM UTC

wildmusings wrote: post #522

mtanski wrote: post #511

Earlier quoted context omitted.

In principle that's true... In reality 1. You can be shot by a cop even if you do not pose a real threat (they just need to claim they though you might have a gun, simple) 2. People are routinely kept in jail for unreasonably long time because their families cannot afford bail often on things charges are dropped for later 3. Ever hear of civil forfeiture? The whole thing is a nice story that we love to repeat to each…

> Ever hear of civil forfeiture? Yes, a process in which the government has to prove to the same standard of evidence as someone suing you. That is due process.

Post by mjcl » Sat, Sep 09, 2017, 7:28 AM UTC

conanbatt wrote: post #444

cm2187 wrote: post #331

Earlier quoted context omitted.

But then what happens if that information becomes inaccurate? (if your credit report shows credit events that aren't yours as a result of a fraud). Doesn't it become a form of defamation?

John oliver made a segment about this on how a person was denied a rental contract because one of these agencies said he was a terrorist. Like really, equifax saying "his score is pretty good, but he IS a terrorist". Sometimes correcting those things take months.