Equifax hack - SSN, other data of 143 millions

Discussion in 'BBS Hangout' started by txtony, Sep 7, 2017.

  1. ROXTXIA

    ROXTXIA Contributing Member

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    What a joke. Sorry, but aren't these companies supposed to put in place very stringent cyber protection? You know, like wrap themselves in a really thick giant condom (the original idea of which was to keep things IN, but in this case, to keep things OUT).

    As someone who's been a victim of identity theft before, it is really absolutely a gigantic pain beyond belief. The best part is dealing with collection agencies who act as if you're lying and are located in some 50 year-old office building in a faraway state, and you have to waste time sending them information, only to have them act as if you never sent them information so they can sell a list of compromised individuals (yourself, others) to another scumbag collection agency so that they can pull the same **** with you.

    Another thing: be careful about to whom you send info. Make sure they appear on your credit report. (You know, the report that shows up for those agencies that are supposed to protect you from these type of people in the first place.)
     
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  2. Air Langhi

    Air Langhi Contributing Member

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    They already have your SS number so it doesn't matter.
     
  3. Genesis

    Genesis Contributing Member

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    What do you guys use to monitor credit?
     
  4. No Worries

    No Worries Contributing Member

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    That is truly and completely fukced up.
     
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  5. No Worries

    No Worries Contributing Member

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    mint.com shows transactions on all of my credit cards. My credit cards are fairly AR and freeze my card at a drop of the hat.

    With this type of breach, the evil-doers have all of the information that they would need to open a line of credit, which I would not find out about until the first bill comes in the mail.
     
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  6. No Worries

    No Worries Contributing Member

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    Equifax Breach is Very Possibly the Worst Leak of Personal Info Ever
    The breach Equifax reported Thursday is very possibly is the most severe of all for a simple reason: the breath-taking amount of highly sensitive data it handed over to criminals. Dan Goodin of ArsTechnica writes:

    Meanwhile, if you accept Equifax's paltry "help" you forfeit the right to sue the company, it has said. In its policy, Equifax also states that it won't be helping its customers fix hack-related problems.

    Bloomberg reported on Friday that a class action seeking to represent 143 million consumers has been filed, and it alleges the company didn't spend enough on protecting data. The class-action -- filed by the firm Olsen Daines PC along with Geragos & Geragos, a celebrity law firm known for blockbuster class actions -- will seek as much as $70 billion in damages nationally.

    <hr />
    $70 billion / 143 million customers = $489.51 / customer
     
    #26 No Worries, Sep 8, 2017
    Last edited: Sep 8, 2017
  7. txtony

    txtony Member

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    More BS. I wish Congress would get involved, but with the GOP holding control and regulation is a dirty word... not much hope.



    http://money.cnn.com/2017/09/08/technology/equifax-monitoring-services/index.html


    You could be giving up some of your rights to sue. At first, Equifax said anyone who gets the credit monitoring service, TrustedID, must agree to submit any complaints about it to arbitration. Those people wouldn't be allowed to sue, join a class-action suit, or benefit from any class-action settlement.

    After public pressure, Equifax added an opt-out provision on Friday. Customers can get out of the arbitration requirement by notifying Equifax in writing within 30 days of accepting the monitoring service.

    And Alex Southwell, a privacy lawyer at Gibson Dunn and a former federal prosecutor in New York, said the original rules still left room for people to sue Equifax over the original hack, even if they can't sue over the credit monitoring.

    The federal Consumer Financial Protection Bureau recently published rules against these kinds of arbitration requirements by banks and credit card issuers. The rules will apply to credit rating services such as Equifax. But they don't take effect until next year, and Republicans in Congress want to roll them back.

    Equifax isn't promising help fixing your credit: Equifax will agree only to monitor your credit, not help you fix any problems arising from the hack. "We do not offer, provide, or furnish any products, or any advice, counseling, or assistance, for the express or implied purpose of improving your credit record, credit history, or credit rating," the company in its 7,200-word terms and conditions. "By this we mean that we do not claim we can 'clean up' or 'improve' your credit record, credit history, or credit rating."
     
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  8. Phillyrocket

    Phillyrocket Member

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    Yep and idiot Trump wants to eliminate the CFPB because you know business can police themselves. Just pretend as if the Savings and Loan scandals, Enron, Worldcom, Lehman, Bear Steans, Great Recession, never occurred.

    Hopefully this breach leads to a larger conversation on the myriad of problems associated with the CRAs.
     
  9. B-Bob

    B-Bob Contributing Member

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    ID Watchdog, after much research into it. Not glitzy but solid and more comprehensive than most, in terms of what they monitor.

    If someone is really worried, they can freeze their credit. You have to unfreeze it next time you want a loan, but it makes it pretty hard for an ID criminal to mess w your credit.

    They could still do other illegal things in your name though.
     
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  10. Surfguy

    Surfguy Contributing Member

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    It's time to go off the grid, man. Whose with me? We're going off the grid..through the quad into the gymnasium. :mad:
     
  11. Rocket River

    Rocket River Member

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    I read that the Higher ups sold their stock before making the announcement . . . .. .
    If true. . .this should be criminal

    Rocket River
     
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  12. KingCheetah

    KingCheetah Contributing Member

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    This is frustrating.
     
  13. KingCheetah

    KingCheetah Contributing Member

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    Credit Karma says they are doing free monitoring.
     
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  14. No Worries

    No Worries Contributing Member

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    For those losing sleep over this, consider freezing your credit. You or anybody else will not be allowed to open new lines of credit under your name, SS#, etc.
     
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  15. B-Bob

    B-Bob Contributing Member

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    And actually, if tens of millions freeze their credit, you'd see the industry **** bricks and then reform.
     
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  16. Azadre

    Azadre Contributing Member

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    Credit Karma sells your personal info anyway. Every company has a privacy policy that more or less states this using vague language.
     
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  17. tallanvor

    tallanvor Contributing Member

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  18. dharocks

    dharocks Contributing Member

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    Making a good case for the corporate death penalty.
     
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  19. alexcapone

    alexcapone Contributing Member

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  20. CCity Zero

    CCity Zero Member

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    Haha, this is so shitty, I'm sure as hell not putting more info w/ them, I'm thinking they probably have all my info jacked anyway, basically the site was setup to let everyone know they're screwed.
     
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