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What lesson do you think organizations learned from that breach? (As it relates to this article.) The pattern I see is: 1. Company collects and stores private
by mLuby 5y ago
What lesson do you think organizations learned from that breach? (As it relates to this article.)
The pattern I see is:
1. Company collects and stores private consumer info.
2. Company gets hacked.
3. Company share price unaffected.
4. Company sued in class-action lawsuit.
5. Company settles by offering discounted/free products to victims of the hack. ("A $50 value!") Lawyers make a few million.
Result: company gets more users' info as they sign up to claim the discounted products.
Sounds like a good deal if the company is too big to fail.
- scotuswroteus 5y agoDo you notice a pattern of state legislatures who sponsor privacy legislation not having online political support or donations from people who track patterns like this? If you're following it this closely, you should be following the political careers of the folks who work hard to pass laws that have teeth and laud them, no?
- HWR_14 5y ago> Sounds like a good deal if the company is too big to fail. I don't know why Equifax is too big to fail. But then again, I don't know why Goldman Sachs was too big to fail either.
- NaturalPhallacy 5y agoBecause they're our de facto fascist rulers. America is a republic only on paper.
- HWR_14 5y agoHow is Equifax a "de facto fascist ruler"?
- knowaveragejoe 5y ago
- vkou 5y agoBecause our society would fall apart without a social credit system. How else are we going to judge flight risk, loan risk, apartment lease risk, employment risk, etc?
- HWR_14 5y agoFlight risk is an FAA thing or a bail bondsman thing. Or are you using a version I haven't heard before? Similarly, I have no idea why Equifax would have anything to say about Employment Risk. But, yes, they provide a service. And? There are two other major players who didn't fuck up who supply the same service.
- vkou 5y ago> Similarly, I have no idea why Equifax would have anything to say about Employment Risk. If you got hired for any job worth doing at any point in the last decade, chances are high that among the various background checks, your employer also ran a credit check on you. > a bail bondsman thing Why wouldn't a bail bondsman care about your credit history?
- FireBeyond 5y agoExactly, the only lessons companies have learned from this is "How to survive, and thrive, from what should be a catastrophic failure".