Equifax’s data leak explained


– This afternoon, news
broke that Equifax suffered a major, major hack. 143 million customers had their names, social security numbers,
birth dates, addresses, and driver’s license numbers compromised. This isn’t to mention the 209,000 folks who had their credit
card numbers compromised and the 182,000 folks
who dispute documents and identifying information was leaked. 143 million people is a ton of people by just about any metric. Sure, this isn’t the
largest hack in history solely based on the
number of people impacted, but having so many people’s
social security numbers compromised is pretty insane. All this would generally
be news on its own. Equifax discovered the hack on July 29th. You’d generally expect
that with a month of time to figure things out, the
company would have some plan in place to address the
millions of people impacted. And hey, I don’t have
crazy high expectations. I think I’d even be somewhat reasonable for systems to run a little bit slowly or for some more of the
hack to be uncovered in the coming days, but
try this on for size. Equifax is directing everyone to a site to check whether their
information was impacted, except if you actually visit
www.equifaxsecurity2017.com, you learn absolutely nothing. When you provide your
information to Equifax, you’re told that you can
be entered into a credit monitoring service by,
wait for this, Equifax. And just in case you thought
you could do that today, no dice. I guess they figure if it’s
been already a month already, what’s another few days? We tried to use it and the
earliest enrollment date we could come up with was September 11th. Now if that’s not obnoxious enough, here’s where things start
to get really funky. As I said, Equifax discovered
the leak back on July 29th. Just three days later,
chief financial officer and corporate VP John
Gambol sold $946,000 worth of his Equifax shares. President of US Information
Solutions Joseph Longridden dumped $584,000 worth of shares, and President of Workforce
Solutions Rodolfo Platter sold $250,000 in shares. As far as we know, none of
these trades were pre-scheduled. Yeah, I’d hate to own
Equifax stock right now too but you know what else I’d hate, if my social security
number and driver’s license information got stolen
and the company in charge of keeping my information
safe completely fumbled and tried to offer me their
own solution to said problem. And when I tried to get that,
I was told I had to wait. Yeah, can you imagine that?
That would really suck.

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29 thoughts on “Equifax’s data leak explained

  1. Don't enter your information. The ToS for the process blocks you from joining any class action cases against Equifax. It's shady af.

  2. Equifax is offering free* credit monitoring to all US residents!
    This comprehensive monitoring leverages the same proven technology used by Equifax to monitor their information systems, with alerts that may include:
    1. Advising an identity thief that your information was compromised because they think the thief is you
    2. Letting you know you’re pregnant by the time your newborn graduates kindergarten
    3. Sending a debt collector to your workplace next September when your credit card they have on file will not authorize payment for your free* credit monitoring

    * Initial 12 months only, may auto-renew, valid credit card required

  3. Could they have chosen a more sketchy domain name to address the breach? www.equifaxsecurity2017.com
    David Webb, their Chief Information Technology Officer needs to be fired and burned at the stake.

    Best part of this is that since they are a financial organization, they are basically 100% immune from being held responsible in any tangible way.

    As stated, be very careful signing up for their "free credit monitoring" because it is only good for one year (like the hackers are going to use the information immediately when people are actively aware), and 2 it completely precludes you from any class action lawsuit or filing any legal suit of your

    http://www.equifax.com/terms/

  4. MORE REASONS NOT TO USE YOUR SOCIAL SECURITY # FOR THINGS OTHER THAN RETIREMENT BENEFITS. T.H.E.Y(The Hierarchy Enslaving You)HAVE PLANNED TO USE THE # AS A PERSONAL IDENTIFIER FROM ITS INCEPTION. ALTHOUGH THE ORIGINAL CARDS SAID "NOT FOR IDENTIFICATION PURPOSES" AT THE BOTTOM. CREDIT IS A JOKE ANYWAY! IT'S JUST ANOTHER WAY TO TRACK US, AND WHEN WE'RE NOT IN DEBT AND/OR BORROWING FROM SOMEONE, OUR CREDIT SCORE ACTUALLY GOES DOWN BECAUSE THEY WANT YOU TO STAY IN DEBT AND THEY WANT TO CONTINUE TRACKING YOU! THE US GOVT. SHOULD BE SUED FOR ALLOWING THE # TO BE USED FOR OTHER THAN WHAT IT WAS SUPPOSEDLY CREATED FOR.

  5. Someone said to signup, you have to give up your right to sue them. If that's true, I'll pay for my own security protection and from someone else. Then I'll wait to see what damage this company has done to me.

  6. So, Equifax lost my information and now will profit by having me pay to have them monitor my credit to see if the information they lost gets used. Sure, the first year is free, but the next 50 years will cost me $$$ and potentially earn them $$$$$$$$ more.

  7. I am sure in the fine print, you sign up and give up your ability to sue them and get restitution from their fuck-up. Also those three assholes who sold their stock, should be prosecuted. They knew damn well that the hack had occurred and they wanted to save their own assets before the stocks tanked on the news of the breech.

  8. Its all completely rigged to benefit themselves and the elites, just face the music people, we are farm animals for their benefit. So just sit back and stare into your devices 🙂 Everything will be A – OK —– NOT !!!!!

  9. Even their website that they set up for this breach says “based on the info, you are impacted” to whatever random stuff you enter there. Just check for yourself guys. Just enter random names and numbers and it will say that you are impacted no matter what.
    Get the word out there.

  10. This is why blockchain implementations needs to mature and replace these crappy institutions who grade us but not themselves.

  11. These credit reporting services work with the banks to keep your FICO score low so that the banks can rape you on high interest rates

  12. This all smells of BS. The steps they are taking makes it sound more like Equifax created the breach. Or more to the point, created fear to push their product. Either way it is beyond criminal. I'm not big on conspiracy theories, but if this isn't business strategy rather than unfortunate occurrence, Ill be a monkeys uncle.
    I searched this tagline in Google…not one major or fake news outlet questions the breach in this light, and that I found was most disturbing. They are treating it like 9/11…. To stir fear? Wait , wait, it was just the 9/11 anniversary. What do you think?

  13. Forgot to mention in the fine print if you sign up for their one year protection plan you relinquish your right to a lawsuit.

  14. Now 145 million people have your identity information on dark web. For sale.
    Now it’s your problem. Equifax doesn’t care.

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