2 ms·

I’d rather attack this from the other side: There will always be large aggregations of semi-public consumer data, and there will always be breaches... unless we

I’d rather attack this from the other side: There will always be large aggregations of semi-public consumer data, and there will always be breaches... unless we make that data less valuable for criminal enterprises. Increase the penalties for banks and other institutions that issue fraudulent credit or otherwise fail to properly identify and authenticate the consumers with whom they’re doing business. Simply having the details of my credit report and my Social Security number should not be enough to open a bank account in my name.

crispyambulance 9y ago
It is perfectly reasonable to WISH that a couple of flimsy pieces of information cannot be used for identify theft and fraud. Maybe in the next few decades we will modernize such things? Until then, however, if companies like Equifax are going to deign to hold sensitive information on behalf of THE PUBLIC and profit of of that, they had better take responsibility for it or face consequences if they fail.