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Daan

Equifax Data Breach Could Affect 143-Million Americans

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If this was already a thread, I missed it.

Equifax Data Breach Could Affect 143-Million Americans

https://needtoknow.news/2017/09/equifax-data-breach-affect-143-million-americans/

Equifax credit monitoring company was hacked and data on as many as 143-million Americans was stolen. Equifax says the hack occurred sometime this summer and includes Social-Security numbers, birth dates, addresses, and credit-card numbers.

 

One would expect Equifax to be able to protect their systems against hackers.

 

http://money.cnn.com/2017/09/07/technology/business/equifax-data-breach/

"This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do," said Equifax chairman and CEO Richard F. Smith. 

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Edited by Daan
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This is an incredibly dangerous situation that threatens anyone with credit.

But the execs at equifax still managed to profit:

"Equifax execs sold stock before hack was disclosed"

"Three Equifax executives sold shares of the credit-reporting company worth nearly $2 million shortly after a massive data breach was discovered. The sales occurred before the company announced the breach to the public on Thursday.

Equifax said in a statement to CNNMoney that it found out about the security incident on July 29 and immediately took action.

But according to filings with the SEC, Equifax Chief Financial Officer John Gamble sold shares worth nearly $950,000 on August 1.  Joseph Loughran, Equifax's president for U.S. information solutions, sold shares worth about $685,000 on August 1 as well. And Rodolfo Ploder, president of workforce solutions, sold stock for just more than $250,000 on August 2."
 
 
 

 

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2 minutes ago, Dr Johnny Fever said:

This is an incredibly dangerous situation that threatens anyone with credit.

But the execs at equifax still managed to profit:

"Equifax execs sold stock before hack was disclosed"

"Three Equifax executives sold shares of the credit-reporting company worth nearly $2 million shortly after a massive data breach was discovered. The sales occurred before the company announced the breach to the public on Thursday.

Equifax said in a statement to CNNMoney that it found out about the security incident on July 29 and immediately took action.

But according to filings with the SEC, Equifax Chief Financial Officer John Gamble sold shares worth nearly $950,000 on August 1.  Joseph Loughran, Equifax's president for U.S. information solutions, sold shares worth about $685,000 on August 1 as well. And Rodolfo Ploder, president of workforce solutions, sold stock for just more than $250,000 on August 2."
 
 
 

 

I saw that as well, yes that CEO immediately took action to make himself more wealthy....

 

 

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This is 'sort of' in line with what one of the Credit card companies is promoting. We will let you know if your SS number is found on the dark web....JUST SIGN UP!

Duh!

First it is likely going to mean you have to provide the number which is yet another venue for hacking...then...even if they detect something ....THEN WHAT?

Oh joy....

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4 minutes ago, songfourone said:

I saw that as well, yes that CEO immediately took action to make himself more wealthy....

 

 

OOOOOhhhhhh no....that can't be true.....the game isn't rigged. :rolleyes:

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Since even during President Obama's watch we couldn't find a way to put a slew of greedy financiers in jail for the sins they committed that led this country into the recession, I have no hope that the current administration will see that these clowns are punished.  

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14 minutes ago, Guido2 said:

OOOOOhhhhhh no....that can't be true.....the game isn't rigged. :rolleyes:

 

You are against pointing out a specific?

:confused:

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Bruce Schneier: The free market can't fix this problem: you're not Equifax's customer, you're their product. Only government regulation can fix problems like this, by making the cost of secuirty breaches (in fines and other penalties) high enough that real security is cheaper.

http://www.cnn.com/2017/09/11/opinions/dont-complain-to-equifax-demand-government-act-opinion-schneier/index.html

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50 minutes ago, Struds said:

Since even during President Obama's watch we couldn't find a way to put a slew of greedy financiers in jail for the sins they committed that led this country into the recession, I have no hope that the current administration will see that these clowns are punished.  

Obama had the means to put the fraudsters in jail-he didn't have the will.:(

Same with trump.

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