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The next move already happened which was the massive Equifax leak. The government has effectively sheltered them from liability, there was no penalty for their
by shams93 8y ago
The next move already happened which was the massive Equifax leak. The government has effectively sheltered them from liability, there was no penalty for their actions. So the next development is really having your life forcibly exposed to scammers and potentially having your identity stolen but you have no means to protect the data. In the past it was like if you were careless you could be violated. Now you're at the mercy of large careless corporations who collect all your most vital information without your permission and carelessly store it almost as if they want it stolen, but ultimately the government shields them from liability such that ultimately the government is using the web as a tool to expose you to scammers even if you don't use the web at all.
- FirinMyLazr 8y agoAbsolutely and horrifyingly true. Let’s continue to bring up Equifax’s failure as much as possible because it seems like it’s not a big issue anymore Which is crazy.
- propogandist 8y agoThreaten equifax and you disrupt the business model of an entire industry, the same one that's responsible for the economic collapse. Credit ratings from the 3 major providers are used by banks to assess credit worthlessness of personal loans. Naturally, the more data these firms have on people the better they can rate (perceived) risk. These 'data controllers' serve banks and corporations who make their billions on loans. Disruption is not welcome. Anyone remember occupie wallst ?
- deleted 8y ago[deleted]
- gaius 8y agothe same one that's responsible for the economic collapse. Credit ratings of individuals (Equifax) are unrelated to credit ratings provided by companies such as Moody's for corporate and government bonds.
- tivert 8y ago> the same one that's responsible for the economic collapse. > Credit ratings of individuals (Equifax) are unrelated to credit ratings provided by companies such as Moody's for corporate and government bonds. It depends on how you look at it. They'll all part of the larger financial/banking industry.
- propogandist 8y agomy point exactly