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It is perplexing to pay $5-10 to each of these companies that have collected my data without my permission to stop the sale of that data. In particular after they have mismanaged that data and put me at risk.
They will probably see a large surge in revenue based on this breach.
[1] https://www.consumer.ftc.gov/articles/0497-credit-freeze-faq...
In Sweden your social security number is public information. What's the reason for it being private in the US? Sounds like a horrible thing to rely on for security anyway.
I keep seeing people say Blockchain technology would prevent this type of hack. True?
Earlier quoted context omitted.
If all they need is a database of basic consumer info, they could buy that list from one of the other credit reporting agencies and avoid the public scrutiny of themselves and the industry itself.
Why would one of the other two sell it to them?
They'd probably give it to them for free if that would avoid a huge public disclosure.
Though the proposed scenario is impossible, if Equifax really did lose most of their database, asking users to type in their current name/address/SSN (or buying it from a competitor) wouldn't help them, the valuable data is in the credit history, and without that data, Equifax has no business, so they'll go bankrupt. Even if they asked consumers for the data, few people know all of the data that the credit agencies have on them.
Is anyone else mortified that this is the reality? Where companies are allowed to dictate how much legal privilege we have to seek legal recourse if they legitimately screw up?
I will be blunt, and I am very incensed by this. My comments ... https://twitter.com/hpcjoe/status/906549917509980160 This is an extinction level event for Equifax. They need to be disassembled, their stored data destroyed correctly and securely, their negligent officers charged. This isn't an accident. You don't surface 0.134 BILLION bits of PII without some sort of criminal level incompetence. Any organization that…
> 0.134 BILLION So 134 Million then. I mean that's still an extreme amount of bits ofc. Just seems silly to use the "billion" signifier for something that is less than 1 billion. Likewise it'd be strange to call something "1000 milliunits" instead of just 1 unit. (Unless ofc milli happens to be the frame of reference for some obvious reason like "15 millunits of x is a deadly dose".)
Again, stylistic.
In Sweden your social security number is public information. What's the reason for it being private in the US? Sounds like a horrible thing to rely on for security anyway.
I will be blunt, and I am very incensed by this. My comments ... https://twitter.com/hpcjoe/status/906549917509980160 This is an extinction level event for Equifax. They need to be disassembled, their stored data destroyed correctly and securely, their negligent officers charged. This isn't an accident. You don't surface 0.134 BILLION bits of PII without some sort of criminal level incompetence. Any organization that…
> 0.134 BILLION So 134 Million then. I mean that's still an extreme amount of bits ofc. Just seems silly to use the "billion" signifier for something that is less than 1 billion. Likewise it'd be strange to call something "1000 milliunits" instead of just 1 unit. (Unless ofc milli happens to be the frame of reference for some obvious reason like "15 millunits of x is a deadly dose".)
I have now placed freezes [1] on my accounts with each of the four agencies. It is perplexing to pay $5-10 to each of these companies that have collected my data without my permission to stop the sale of that data. In particular after they have mismanaged that data and put me at risk. They will probably see a large surge in revenue based on this breach. [1] https://www.consumer.ftc.gov/articles/0497-credit-freeze-faq…