261–270 of 286 posts
This whole process is a joke. I went and dug up my claim number, entered it into the site to amend, and the site just dies and doesn't allow me to proceed any further. If they had my contact info to begin with, just cut me a check and skip the shenanigans.
do you have a link? I can't find it. This same thing was happening to me when I first got the email
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Clarified above, but I was thinking about likelihood of receiving the settlement, not fairness to Equifax. A settlement number so punitive it would put them out of business would substantially reduce the chances of those impacted receiving more than a token amount.
On the other hand, driving the value of their stock to zero would be a very effective deterrent against future bad behavior.
Perfect!
Then, we can try killing people who commit heinous crimes, or at the very least lock them up for the duration of their lives. When you make a mistake, you and everyone around you should pay, regardless of their involvement or actual harm done to others. Dearly. Why has no one thought of this? I have no worries, because me and the work I do are without flaws. Sounds like Utopia.
Earlier quoted context omitted.
On the other hand, driving the value of their stock to zero would be a very effective deterrent against future bad behavior.
> On the other hand, driving the value of their stock to zero would be a very effective deterrent against future bad behavior. Perfect! Then, we can try killing people who commit heinous crimes, or at the very least lock them up for the duration of their lives. When you make a mistake, you and everyone around you should pay, regardless of their involvement or actual harm done to others. Dearly. Why has no one thought…
But, really, I think a corporate "death penalty" would be much more justifiable than a corporeal one. The company can reform its business and try again; whatever's left of it (the ultimate shareholders) could even be made whole (with cash) if the decision was egregiously bad. Natural people, on the other hand, aren't coming back from the dead.
I don't follow the "perfection" part of your comment. I'm certainly not suggesting that this be the only remedy, but this is, as things go, pretty bad, and maybe it deserves a pretty harsh punishment.
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Bankruptcy seems quite appropriate. They not only failed to maintain the security of the data, they also provided no identity theft protection to the public (unless you asked for it), and as a company appeared to have no plan for this event. Given that they were entrusted with the identity data for basically all Americans, that is inexcusable.
> Bankruptcy seems quite appropriate. Hmm... Would not they just file for a Chapter 11 bankruptcy, restructure their debts (i.e., write those pesky $125 payments off), then emerge in a better shape than they were?
What does that mean? As far as I know, you can't just announce that you're "writing off" debts and have them magically disappear.
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You're right, $17B (or more, or dissolving the company) would start to actually spark off some real change in attitudes towards infosec among executives, instead of just continuing the status quo with this non-enforcement action. The strangest part of this ordeal was when that guy from the FTC was encouraging consumers to take the monitoring on Equifax's request. They're not even pretending to be regulated anymore, t…
I actually don't think taking the monitoring is a bad idea. The $125 will not amount to much and he knew that. The monitoring does include some type of identity theft insurance I believe which could actually end up costing Equifax a lot more. Since the settlement amount was fixed, I don't see any reason the the ftc to encourage not taking it for the wrong reasons.
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> Bankruptcy seems quite appropriate. Hmm... Would not they just file for a Chapter 11 bankruptcy, restructure their debts (i.e., write those pesky $125 payments off), then emerge in a better shape than they were?
(i.e., write those pesky $125 payments off) What does that mean? As far as I know, you can't just announce that you're "writing off" debts and have them magically disappear.
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I also tried to freeze my credit and their website required me to put something in the mail. I did, including sending copies of various documents, and never got any response. I have the same issue with one of the credit reporting bureaus. They refuse to give me my legally required free credit report despite multiple attempts and mailings.
Remember that "freecreditreport.com" is a scam. The real FTC-mandated free site is " https://www.annualcreditreport.com" .
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I would have to get an actual lawyer with a lawyer's letterhead for them to care, probably. I don't really want to spend hundreds of dollars to get my free credit report.
Would you still need a lawyer if you went to small claims court? Or would that be extortion?
Earlier quoted context omitted.
I also tried to freeze my credit and their website required me to put something in the mail. I did, including sending copies of various documents, and never got any response. I have the same issue with one of the credit reporting bureaus. They refuse to give me my legally required free credit report despite multiple attempts and mailings.
Remember that "freecreditreport.com" is a scam. The real FTC-mandated free site is " https://www.annualcreditreport.com" .