Right but surely a public credit registry would have the same risk of being hacked, no? At least in the US, we have government run data get hacked on a routine

Right but surely a public credit registry would have the same risk of being hacked, no? At least in the US, we have government run data get hacked on a routine basis. That seemed to be G(G?)P's concern. At the end of the day, whether it's a private or public credit agency, they're still collecting all your data whether you want them to or not (modulo going full Thoreau and removing yourself from the economy), and still could get hacked and have all that stolen.