IMO, no fine would be large enough for what they did (and may continue to be doing). If the settlement is approved, I hope every single person eligible signs up for the 3rd party credit monitoring...
IMO, no fine would be large enough for what they did (and may continue to be doing). If the settlement is approved, I hope every single person eligible signs up for the 3rd party credit monitoring service and bankrupts Equifax in their obligation. And their portal being able to register people with multiple choice questions that may be public information is unconscionable. The whole industry needs to be regulated yesterday, and Equifax in particular should have been sold and the executives thrown in jail for negligence.
And yet it still only breaks down to about $4 and change per person. Unless I'm doing my math wrong, which is very possible. My point is that the per-person-price-point for Equifax doesn't seem as...
$650 million seems like a lot
And yet it still only breaks down to about $4 and change per person. Unless I'm doing my math wrong, which is very possible.
My point is that the per-person-price-point for Equifax doesn't seem as high as I would expect for a fuck up quite as large as theirs.
They should be forced to give every affected person free credit monitoring for life, plus they should pay the cost for the government to design and implement a properly secure national ID system...
They should be forced to give every affected person free credit monitoring for life, plus they should pay the cost for the government to design and implement a properly secure national ID system to replace SSNs.
this is late, but nothing of this sort will probably happen in our lifetimes no matter how bad a corporation fucks up because regulatory agencies and courts in most of the world--not just the...
this is late, but nothing of this sort will probably happen in our lifetimes no matter how bad a corporation fucks up because regulatory agencies and courts in most of the world--not just the US--are fairly toothless on this, and even if they weren't there's both the issue of regulatory capture and the fact that a ruling like that would basically kill most of a service market by obliging one corporation to provide, for life and free of charge, services to about half the population which might otherwise buy that service--which, while fine by me and probably most people, would probably outrage capitalists and corporations and be challenged in every way possible. and that's before we get to the money bit.
IMO, no fine would be large enough for what they did (and may continue to be doing). If the settlement is approved, I hope every single person eligible signs up for the 3rd party credit monitoring service and bankrupts Equifax in their obligation. And their portal being able to register people with multiple choice questions that may be public information is unconscionable. The whole industry needs to be regulated yesterday, and Equifax in particular should have been sold and the executives thrown in jail for negligence.
And yet it still only breaks down to about $4 and change per person. Unless I'm doing my math wrong, which is very possible.
My point is that the per-person-price-point for Equifax doesn't seem as high as I would expect for a fuck up quite as large as theirs.
Dissolution would be too good for them, frankly. This is complete BS, per usual.
They should be forced to give every affected person free credit monitoring for life, plus they should pay the cost for the government to design and implement a properly secure national ID system to replace SSNs.
this is late, but nothing of this sort will probably happen in our lifetimes no matter how bad a corporation fucks up because regulatory agencies and courts in most of the world--not just the US--are fairly toothless on this, and even if they weren't there's both the issue of regulatory capture and the fact that a ruling like that would basically kill most of a service market by obliging one corporation to provide, for life and free of charge, services to about half the population which might otherwise buy that service--which, while fine by me and probably most people, would probably outrage capitalists and corporations and be challenged in every way possible. and that's before we get to the money bit.