turok said:

Why did it take them more than a month to make the serious data breach public?

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The answer is right there in the article: "Three equifax managers sold stock before cyber hack revealed."

This is why we can't have anything nice.

Monster said:

This is why we can't have anything nice.

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lol...yeah...but now affording vehicle insurance and obtaining gainful employment is tied to "customers" credit rating/history, which wasn't the case, pre-internet. While I can understand the need for checking propective employees credit, esp for jobs which involve handling funds and financial data, its often used in a discriminatory manner. And what does credit have to do with vehicle insurance? If a subscriber misses making a payment, then the policy is immediately cancelled/terminated. Having vehicle insurance is mandatory here in "no fault" MI, and in most, if not all states as well. If a subscriber has the bare minimum PLPD coverage, then he or she ain't gonna collect on arson or intentional theft either.

These for-profit credt-reporting agencies have waay too much power and control over the public. With all of the opportunities for hackers in eastern Europe and Asia to hack-crack into anything and everything in Murka, the only real and safe protection, is to have a poor credit rating.

Or better still, move overseas and become a hacker yourself.

sggatecl said:

The answer is right there in the article: "Three equifax managers sold stock before cyber hack revealed."

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Supposedly the shares were sold within a few days after the breach, which, along with claiming that the sales were a "small percentage" of their holdings, still doesn't explain why more than 4 weeks passed before making the breach public.

there are breach notification laws in many states now that define when customers must be notified. CA and MA have particularly stringent ones. all are less than 30 days, but most require notification to state attorney generals within a couple days of the discovery of the breach.

Equifax - of all companies - should know better... this is shocking. Did they get state AGs to sit on this info as well? WTF happened here?

michchamp said:

there are breach notification laws in many states now that define when customers must be notified. CA and MA have particularly stringent ones. all are less than 30 days, but most require notification to state attorney generals within a couple days of the discovery of the breach.

Equifax - of all companies - should know better... this is shocking. Did they get state AGs to sit on this info as well? WTF happened here?

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Good question, and their stock sales and any short-selling need to be deeply scrutinized by the SEC. Perhaps rhey were more concerned with their stock prices dropping, than any fines meted out for non-compliance.

There is a number to call 1-866-447-7559.

and to see if your info was compromised
type in www.equifaxsecurity2017.com

on that page scroll down and click on enroll. They will ask for your last name and the last six digits of your SS#.

after the enroll date, go back to that link and you will be able to find out.

If any of us have had a data hacked into they said to go to your city or town police dept. and file a report.

These fucking bastards..........

https://www.bloomberg.com/news/arti...tmare-gets-worse-thanks-to-arbitration-clause

join a class action lawsuit against them.

I read a short article about equifax today... unsurprisingly they had close ties to the FBI for decades, and were a quasi-law enforcement resource.

Prior to the Fair Credit Reporting Act in the 70's there was no way to address errors in the data they had about you, demand they correct mistakes, disclose information, etc. And the FCRA was only passed because of the heightened scrutiny of intelligence agencies at the time, which sadly, we don't have anymore.

the FCRA still didn't really force credit agencies like equifax to meet any data protection or collection standards.

And the US has never had a national data protection law, unlike the EU, Canada, and a number of countries that are better than ours, because, well, businesses want to collect and retain as much of your personal data as they want, and use it however they want, and don't want to be responsible to you or anyone for any negative consequences that come from failing to secure that data or abusing that data, so why shouldn't they?

https://techcrunch.com/2017/09/08/here-comes-the-class-action-lawsuit-after-equifaxs-massive-hack/

Here comes the class action lawsuit after Equifax’s massive hack

According to Bloomberg, the lawsuit was filed in Portland, Oregon. Customers say that Equifax has been negligent when it comes to information security. Two firms are leading the class action lawsuit, Olsen Daines PC and Geragos & Geragos. They’re asking for billions in damages.

But this isn’t your average class action lawsuit. As Equifax discovered the hack in July, the company had plenty of time to prepare itself for the aftermath.

In particular, users can check if their information has been compromised by going to equifaxsecurity2017 .com. You have to enter some personal information. In some cases, Equifax tells you to sign up to TrustedID Premier, an Equifax service. And if you look at the terms of services of TrustedID Premier, it says you can’t participate in a class action:

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kalinecountry said:

These fucking bastards..........

https://www.bloomberg.com/news/arti...tmare-gets-worse-thanks-to-arbitration-clause

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The sheer arrogance that has been displayed by many corporate entities, since the 80s and esp the turn of the century, is truly galling. But the "free market" here in Murka is self-policing, no need for onerus government oversight and regulations, just ask the rightwing.

It's not a shock that it's Equifax.. If I didn't see it and didn't know which of the three was hacked - Equifax would have been my first choice.

Plus there are the shady unaffiliated credit management hucksters like Credit Karma, who advertise one free view of your credit history, which is the very same free annual viewing which credit reporting agencies' "customers" are "entitled" to anyway.

And the bait and switch identity theft predators, whose tiered protection levels require the highest subscription prices, in order to have any "teeth" to them.

I now view virtually every business products/services advertisement and commercial with distrust and cynicism nowadays...and for good reason, IMO. I have never made a major electronics, appliance, and tools purchase w/o researching them first.

sggatecl said:

https://techcrunch.com/2017/09/08/here-comes-the-class-action-lawsuit-after-equifaxs-massive-hack/

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https://www.equifaxsecurity2017.com/

5) Adjusted the TrustedID Premier and Clarified Equifax.com
We?ve added an FAQ to our website to confirm that enrolling in the free credit file monitoring and identity theft protection that we are offering as part of this cybersecurity incident does not waive any rights to take legal action. We removed that language from the Terms of Use on the website, www.equifaxsecurity2017.com. The Terms of Use on www.equifax.com do not apply to the TrustedID Premier product being offered to consumers as a result of the cybersecurity incident.

This is actually the THIRD (3rd) time they've been hacked in recent hustory.

if you're not pissed off enough about this, read this transcript of an interview about the hack.

deathroh said:

https://www.equifaxsecurity2017.com/

5) Adjusted the TrustedID Premier and Clarified Equifax.com
We’ve added an FAQ to our website to confirm that enrolling in the free credit file monitoring and identity theft protection that we are offering as part of this cybersecurity incident does not waive any rights to take legal action. We removed that language from the Terms of Use on the website, www.equifaxsecurity2017.com. The Terms of Use on www.equifax.com do not apply to the TrustedID Premier product being offered to consumers as a result of the cybersecurity incident.

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So Equifax apparently blinked, by issuing a retraction to their Trusted ID Premier, still would be very leery of signing up, until I see what the legal beagles say about it. As well as what happens after the "trial" period expires. Naming their service as being "Premier" also likely means that Equifax intends to offer subscription priced tiered levels of protection to those who sign up, after their trial period expires.

michchamp said:

This is actually the THIRD (3rd) time they've been hacked in recent hustory.

if you're not pissed off enough about this, read this transcript of an interview about the hack.

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"On top of that, there was also an immediate … in the same time period that these senior executives were selling their stock, there was a massive increase in sales of stock options compared to the normal for Equifax, and that almost certainly was again because people had been tipped about what had happened in the breach"

~snip~

"they know that if they put the onus on the 142 million people, maybe 2 million, you know, might opt out of this thing."

~snip~


"It turns out, if you sign up for this one-year of free protection, it’s automatically renewed, and they charge you for it after year one. Again, they know that if they do this to some tens of millions of people, that most people will simply not track that it’s a year later and that they have to kill this protection, and so they’ve turned this massive abuse, this greed upon greed upon greed, into yet another opportunity to make money off the customers who they’re treating in the most atrocious fashion possible. This is like a bad novel that someone wrote who hated corporations, except all of it’s coming from the senior leadership of the corporation."


Fucking white-collar crooked parasites should go to prison. If those who have not dealt with Equifax directly in the past, sign up for their trial protection, they will be required to give them even more personal data, and if their "customers" decide to cancel when Equifax begins to automatically charge for their service, any later use of hacked info means that Equifax could claim that they are not obligated to pay any damages as a result.

But most likely 99% won't do anything at all, including becoming involved in any class-action suit...hoping that the sheer numbers of those with hacked info being used illegally by relatively few criminals, will only happen to someone else. Or @ least until their SS/SSD funds one day aren't direct-deposited, since the US government forced the disabled and seniors to go all electronic-deposit, killing the previous option of paper-checks being mailed in '12.

turok said:

So Equifax apparently blinked, by issuing a retraction to their Trusted ID Premier, still would be very leery of signing up, until I see what the legal beagles say about it. As well as what happens after the "trial" period expires. Naming their service as being "Premier" also likely means that Equifax intends to offer subscription priced tiered levels of protection to those who sign up, after their trial period expires.

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So many levels of bullshit. That's the first thing I thought of, how many new (actual) customers will they end up with a year from now?

deathroh said:

So many levels of bullshit. That's the first thing I thought of, how many new (actual) customers will they end up with a year from now?

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Like most businesses who offer free or discounted products and/or services on a trial basis, that are created and intended long-term, if not lifetime use, they know that a high percentage will not bother to cancel, after their "deals" expire, and that for those who will, they will make the process very troublesome and difficult...see AOL HELL ca. early 00s.

Or if some people decide to sign up a few months from now, or even six? Will they also be given a year of protection free, or will Equiifax make it a "limited-time free offer", in order to goad potential customers into action, like some predatory advertisers for weight-loss pills and miracle cosmetic skin-treatments in teevee commercials have?

Now up to near 250 Million accounts.

Anyone put a security freez on their account?

Also Eqyuifax has this Trusted ID Premier.
https://www.nextadvisor.com/blog/20...xs-trustedid-premier-and-heres-what-happened/