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This ship kinda sailed after Equifax data breach, but I wish we could make data a real liability ( as in, if you store it, you are on an actual legal hook for i
by A4ET8a8uTh0 4y ago
This ship kinda sailed after Equifax data breach, but I wish we could make data a real liability ( as in, if you store it, you are on an actual legal hook for it ). 2017 settlement[1] was largely a joke if not an insult to all the affected individuals. The company still operates, no one went to jail and the company got a hard cap on potential claim from affected people.
I don't know what the solution is exactly though ( I mean how to effect actual change instead of posting in this forum ).
[1]https://www.ftc.gov/enforcement/refunds/equifax-data-breach-settlement https://www.ftc.gov/enforcement/refunds/equifax-data-breach-...
- bee_rider 4y agoI guess eventually everybody's data will be leaked (are we there yet?) and companies that would like to make loans will have to come up with some other way of verifying their customers. The credit system is a scam anyway. Oh wow thanks Equifax, you think I should be allowed to go up to my eyeballs in debt. What an honor, I'm flattered.