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From the article: "The agencies already comply with the same rigorous data protection standards as banks," said Francis Creighton, President and CEO of the Con
by cmiles74 9y ago
From the article:
"The agencies already comply with the same rigorous data protection standards as banks," said Francis Creighton, President and CEO of the Consumer Data Industry Association, which represents Equifax as well as Experian and TransUnion.
Well, clearly it's not all that rigorous.
- mLuby 9y agoUS Banks are laughably insecure. They get away with it because they can undo most of their mistakes by calling up fellow banks and reversing transactions. It works because the asset (money) is still in a system they control, as a group. With data breaches, there is no undo because the asset (data) moves outside a system the breached parties control.