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Whatever happened at Equifax was disastrous. But I really liked the way that they are containing it. Their CEO released a statement. They launched a specific si

Whatever happened at Equifax was disastrous. But I really liked the way that they are containing it. Their CEO released a statement. They launched a specific site for security scans for their user for free. They are communicating it to their customers transparently. With that I also saw that cyber security is and will be the biggest threats of the next decade. They are many cyber security companies these days but I didn't see a single company moving forward to support the Equifax team to figure out what happened and how it can be prevented. Cyber security companies should have volunteered for the cause.

mhb 9y ago
Since they are being so thoughtful, maybe they could offer to pay the charges to freeze affected accounts.
hmhrex 9y ago
> But I really liked the way that they are containing it. Please let this be sarcasm... > They are communicating it to their customers transparently. They knew well in advance that there was an issue and did not communicate it well. They have 3 higher managers that look to have sold their stock based on the knowledge. There are some reports that they knew up to 3 months ahead of their announcement. > They launched a specific site for security scans for their user for free. Things that are wrong with this site: - The site screams "phishing" when you look at the URL. - Asks for SIX digits of your SSN. If you know the state of the person filling out the form and they were issued their SSN before 2011, you only need to try a few numbers to figure out their whole SSN. - Gives random results when you fill out the form - You possibly forfeit being able to sue them by filling out the form. - When you fill out the form they basically advertise their own product to you. At this point, as a consumer, it feels like they are doing everything in their power to get away with not being held accountable for not storing this data properly. 8 in 10 US credit card holders have their SSN and possibly other information out there. This means that I'm at high risk to have my identity stolen in the future, not just the next twelve months that Equifax is offering me free Identity Theft Protection. Last but not least, when you freeze your credit score, they give you a PIN to unfreeze it. But if you were to lose it, you'll only need some identification to get a new PIN and unfreeze it. But they've already released that identification and it's being sold around. So no luck there.
- jamesmattis 9y ago
  I accept my mistake in judging the situation. Thanks a lot for elaborating it. I agree to all your points.

mhb 9y ago

Since they are being so thoughtful, maybe they could offer to pay the charges to freeze affected accounts.

hmhrex 9y ago

> But I really liked the way that they are containing it. Please let this be sarcasm... > They are communicating it to their customers transparently. They knew well in advance that there was an issue and did not communicate it well. They have 3 higher managers that look to have sold their stock based on the knowledge. There are some reports that they knew up to 3 months ahead of their announcement. > They launched a specific site for security scans for their user for free. Things that are wrong with this site: - The site screams "phishing" when you look at the URL. - Asks for SIX digits of your SSN. If you know the state of the person filling out the form and they were issued their SSN before 2011, you only need to try a few numbers to figure out their whole SSN. - Gives random results when you fill out the form - You possibly forfeit being able to sue them by filling out the form. - When you fill out the form they basically advertise their own product to you. At this point, as a consumer, it feels like they are doing everything in their power to get away with not being held accountable for not storing this data properly. 8 in 10 US credit card holders have their SSN and possibly other information out there. This means that I'm at high risk to have my identity stolen in the future, not just the next twelve months that Equifax is offering me free Identity Theft Protection. Last but not least, when you freeze your credit score, they give you a PIN to unfreeze it. But if you were to lose it, you'll only need some identification to get a new PIN and unfreeze it. But they've already released that identification and it's being sold around. So no luck there.

jamesmattis 9y ago
I accept my mistake in judging the situation. Thanks a lot for elaborating it. I agree to all your points.