3 ms·
What we ought to do—to tie into the "let's break up Google" story also being discussed right now—is make collecting and hoarding data about people incredibly ri
by asark 8y ago
What we ought to do—to tie into the "let's break up Google" story also being discussed right now—is make collecting and hoarding data about people incredibly risky. A leak of any size should be a "your company is finished" event. Much collection should simply be outlawed or at least placed under strict user control, GDPR-style.
It'd make the CRAs, various other financial institutions (credit card companies, banks), and the tech giants all stop doing a bunch of the most harmful crap they're getting up to. Or else actually pay what it takes to keep everything really secure, while ditching any data they don't absolutely have to have to operate.
- orky56 8y agoIt's the centralization, not the aggregation, that's the problem. If entities, even if under the umbrella of a single corporation, were organized based on datasets to aggregate this info, the risk and punishment could be commensurate.
- sp332 8y agoThere's some value in having a credit reporting system though. You don't want to make it too easy for someone to edit their credit history to make it look like they're more reliable about paying back their debts. (A good system might not look too much like our current system though.)