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No matter what, Equifax may tell you you’ve been impacted by the hack

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Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#81

Post by plandis »

latch wrote: post #45
hpcjoe wrote: post #20

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…

Every generation is galvanized by serious injustices. But, it feels like we're far less effective at turning that anger into change; though maybe that's always how it feels at the time. I'm almost sure I once saw a quote from Bill Clinton's press secretary that said something like "We knew that if we could survive the first 5 days of a bad story, it would get dropped." That perspective solidified for me during the Oc…

What can you do when the businesses own the lawmakers? Outside of violence I'm not sure exactly who has the power to get justice here.

I honestly think that criminally they are going to get a slap on the wrist if anything. The majority of damages will come from civil suits.

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#82

Post by takeda »

hellofunk wrote: post #10
calvinbhai wrote: post #6

So, this basically is a way for Equifax to get a mass waiver from people to make a class action lawsuit less damaging to the company. Opting out of the waiver is a long winded process of mailing a form. another funny thing is that if you sign up for their crappy product, you have to come back on a different day and complete the sign up. There wont be emails or notifications. If you forget to signup, then you have bas…

Are you saying that merely by seeing if you were impacted, you are waiving your rights, even if you don't come back on the scheduled day to complete the enrollment? That sounds ridiculous. Nowhere in the simple form that they provided is there any mention of waiving any rights. Nor is there one of those standard checkboxes about "I accept the terms.." when filling out that little form.

Perhaps they were trying to do that, but after New York Attorney General mentioned that this can not be enforced, they updated their FAQ that this waiving is only for issues regarding to the service itself, it does not cover the data breach. So you should be ok, but frankly in this case the service is useless, it is only for one year, but the information is still valid after that. The minimum they should do is to remove all the fees for freezing/thawing the account and allow everyone to permanent freeze their accounts with ability to unfreeze whenever they need to open a new account.

The sad thing is that they think the current solution is adequate. They do it this way because we are not their customers, we are their product. I would encourage to complain about this to your representatives. We could have much better protections about identity theft, have account frozen by default and without any fees. Have their credit checking services available for free.

Sadly, the business is structured so they actually are making money when it is easy to open a credit line, even illegitimate one.

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#84

Post by pjc50 »

notyourday wrote: post #8

So basically Equifax now is engaging in fraud on massive scale. It needs to be dealt with the same way as we dealt with this company called Arthur Anderson.

So were the robosigners, and some of them eventually (years later) got fines: http://www.marketwatch.com/story/us-breaks-down-93-bln-robo-...

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#85

Post by takeda »

MichaelBurge wrote: post #11
calvinbhai wrote: post #6

So, this basically is a way for Equifax to get a mass waiver from people to make a class action lawsuit less damaging to the company. Opting out of the waiver is a long winded process of mailing a form. another funny thing is that if you sign up for their crappy product, you have to come back on a different day and complete the sign up. There wont be emails or notifications. If you forget to signup, then you have bas…

> For every SSN entered, Equifax can say in a class action lawsuit that they have waivers from all the following SSNs .... Equifax themselves have said they'll only use the waiver with respect to the credit monitoring service, and not to the security breach: https://techcrunch.com/2017/09/08/equifax-says-it-wont-bar-c... You could say, "Maybe they're lying", but it seems like it would be pretty easy for the class act…

They said that after New York Attorney General complained that this is not enforceable. I'm pretty sure they were hoping it would stick.

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#86

Post by pdkl95 »

latch wrote: post #45
hpcjoe wrote: post #20

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…

Every generation is galvanized by serious injustices. But, it feels like we're far less effective at turning that anger into change; though maybe that's always how it feels at the time. I'm almost sure I once saw a quote from Bill Clinton's press secretary that said something like "We knew that if we could survive the first 5 days of a bad story, it would get dropped." That perspective solidified for me during the Oc…

> we're far less effective at turning that anger into change

The anger will become a mob that enacts change when a critical mass of people lose access to food and/or shelter.

> what of [Occupy]

Occupy was very successful at (re-)introducing class warfare into the public dialog.

> First, that people are naïve, and second, what's it going to take to drive people to take un-ignorable action?

3rd, why isn't this anger organizing into larger activist/political movements? Well, with enough surveillance data and modern data analysis tools it's easy to find the "leaders" or "organizers" that bring people together. Remember JTRIG[1]?

[1] https://theintercept.com/2014/02/24/jtrig-manipulation/

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#87

Post by downandout »

sutble wrote: post #71
downandout wrote: post #50

Earlier quoted context omitted.

So a few years back, Equifax bought a company I cofounded. They assisted my former business partner in diverting ~$13 million of the purchase proceeds that were supposed to go to me over to him. Then they helped stonewall the resulting litigation for years. While I am upset on behalf of all affected consumers, mere words cannot adequately express the unbridled joy that I experienced when I found out that they were li…

Did they have a specific reason for screwing you over? It just seems like a lot of effort to go through on their part with no tangible benefit. Sorry if this is too personal a question.

It's a very long story, but my business partner was running everything by the time they came into the picture and so their allegiance was to him. We had a personal falling out and based upon that he became hellbent on ensuring I got nothing once it was clear that the acquisition was going to happen. It was easier and cheaper for Equifax to take the position they took. If I were a corporate lawyer, I likely would have given Equifax the same advice. That doesn't make it right though.

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#88

Post by cryptocrank »

aptwebapps wrote: post #34
calvinbhai wrote: post #6

So, this basically is a way for Equifax to get a mass waiver from people to make a class action lawsuit less damaging to the company. Opting out of the waiver is a long winded process of mailing a form. another funny thing is that if you sign up for their crappy product, you have to come back on a different day and complete the sign up. There wont be emails or notifications. If you forget to signup, then you have bas…

This seems too overt, and related to too big an event, to work.

I agree

Re: No matter what, Equifax may tell you you’ve been impacted by the hack

#90

Post by crb002 »

Every attorney here in the Federal bar needs to file an emergency injunction on Monday asking the US Government cease sharing confidential bank data with Equifax until they are paid statutory damages, and Equifax posts bond large enough to cover any future data breach payout.
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