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> The Equifax incident should have sparked a fire under the credit giants. I get what the author is trying to say, but based on the entire remainder of this ar
by ghostpepper 7y ago
> The Equifax incident should have sparked a fire under the credit giants.
I get what the author is trying to say, but based on the entire remainder of this article, the large credit firms are doing exactly the right thing (for their shareholders) by not spending tons of money on security.
- consumer451 7y ago> the large credit firms are doing exactly the right thing (for their shareholders) by not spending tons of money on security. Isn't this due to the fact that there are no serious penalties for losing customer data, aka regulation?
- ghostpepper 7y agoYeah, as much as I would like to see a market-based solution to this, I'm not sure how it would work exactly. Equifax seems to be the exception to the rule that most of the data lost in most of the breaches we hear about was given voluntarily; the customers are the ones getting screwed and they still willingly hand over their data to anyone who offers a small discount or even just a newsletter sign-up. It seems like most people don't care about privacy, at least not enough to pay more for it.