Linked by Thom Holwerda on Thu 7th Sep 2017 23:45 UTC
Legal

Equifax Inc. today announced a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminals exploited a U.S. website application vulnerability to gain access to certain files. Based on the company's investigation, the unauthorized access occurred from mid-May through July 2017. The company has found no evidence of unauthorized activity on Equifax's core consumer or commercial credit reporting databases.

Names, social security numbers, birthdays, addresses, driver's license numbers, credit card numbers - this is a very big breach.

Interestingly enough, three executives of the credit reporting agency sold their shares in the company days after the breach was discovered.

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bryanv
Member since:
2005-08-26

Because their friends who pay them to 'represent you and me' (har har har!) can't make money off _fixing_ the problem. They make more money by _prolonging_ it.

Also, if you legislated _fixing_ something, then you wouldn't be able to keep legislating around it, and that keeps you from being able to sneak more legislation in as pork on top of it.

The incentives all around for the US legislation system is to:

* prolong all problems, rather than actual deal with root causes.
* Transfer money from taxpayers to private accounts through legislation of non-solutions for both real and imaginary threats.

There really is no incentive or positive reinforcement for an elected official in the US to actually do the moral and ethical thing.

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