The Equifax stuffshow

[Deus Ex]

as much as i love capitalism i think a multi-billion dollar company that has every single bit of personal information on you is where a majority of the population draws the line

Agreed, this is too loving much, I don't care how much info a company needs to determine if they can lend you money or something this is out of loving control. Especially if you get hacked. That's half the population's LIFE just out in the open. Now I have to get identity theft protection in case some friend 30 years down the road gets a hold of my info

[Ad Bot]

[hillkill]

What your options for responding to Equifax are because if you're an American adult you have almost definitely been compromised.

have a read at that. this is serious guys, keep this on the front page.

[VerticalHorizon]

i feel sorry for the poor bastard who buys my identity from the dark web and finds out i'm literally not eligible for anything due to "Insufficient Credit History"

[LeisureSuit912]

I'm genuinely shocked our more leftist users haven't gone on an anti-capitalist tirade yet, this is like the one thread it'd make sense to do it on

I didn't see the thread until now

But yeah, this is a stuffshow. Of course as is the custom in our system none of these executives will go to jail. On the (mild) plus side the GOP has been trying to gut consumer protection laws so hopefully this scandal slows their efforts down

Honestly we should nationalize the credit bureaus.

[*Trinick]

Honestly we should nationalize the credit bureaus.

You're right, because, you know, the government never gets hacked.

Equifax is a huge, huge, enormous company. Whatever you're imagining, you're wrong. It's bigger. They're the largest credit bureau over Experian and TransUnion, and they've got an enormous number of products that every single financial institution in the loving country uses. I work in the financial sector as a programmer, and today alone I wrote code to integrate two different Equifax products with our software. They also undergo constant security audits, entry tests, and are subject to so many regulations that making a move is probably like being on an obstacle course game show. There's very little that could have been done to prevent this, and hindsight is 20/20. The unfortunate permeating truth to the matter is that Equifax, and credit reporting agencies in general, are essential to the operation of our financial system. Automatic loan decisioning is the reality of the world now, and it's only possible because machines can eat up all the information about you and spit out a response. If the credit bureaus went away, every lender in the world would have to hire private investigators to figure out if you are credit worthy.

[Outpact-]

*sips some lovely XXXX beer*
well have fun mates :^)

[Ipquarx]

Why the forget are they even allowed to have this much info on people in the first place?

because it's hidden in the fine print literally everywhere that you agree to give them this info
there's literally no way around it

[hillkill]

You're right, because, you know, the government never gets hacked.

Equifax is a huge, huge, enormous company. Whatever you're imagining, you're wrong. It's bigger. They're the largest credit bureau over Experian and TransUnion, and they've got an enormous number of products that every single financial institution in the loving country uses. I work in the financial sector as a programmer, and today alone I wrote code to integrate two different Equifax products with our software. They also undergo constant security audits, entry tests, and are subject to so many regulations that making a move is probably like being on an obstacle course game show. There's very little that could have been done to prevent this, and hindsight is 20/20. The unfortunate permeating truth to the matter is that Equifax, and credit reporting agencies in general, are essential to the operation of our financial system. Automatic loan decisioning is the reality of the world now, and it's only possible because machines can eat up all the information about you and spit out a response. If the credit bureaus went away, every lender in the world would have to hire private investigators to figure out if you are credit worthy.

i've been trying to inform people of how vital it is that they freeze their credit cards and stuff but they won't listen. i have my birth certificate, all of my id's, and the SSN on hand in case i get my information stolen.

[Outpact-]

i've been trying to inform people of how vital it is that they freeze their credit cards and stuff but they won't listen. i have my birth certificate, all of my id's, and the SSN on hand in case i get my information stolen.

Speaking of information, though being somewhat safe I've never really kept personal info pretty safe, like yelling my actual address out online.
Yet to see my consequences.

[Drydess]

Speaking of information, though being somewhat safe I've never really kept personal info pretty safe, like yelling my actual address out online.
Yet to see my consequences.

the consequences come when you apply for a really professional job and they see your history here
same goes for me lmao i'm so forgeted in the future

[Outpact-]

the consequences come when you apply for a really professional job and they see your history here
same goes for me lmao i'm so forgeted in the future

>lolicon
>unsafe

Should we hire him?

[hillkill]

the consequences come when you apply for a really professional job and they see your history here
same goes for me lmao i'm so forgeted in the future

maybe that's why i can't find a job welp lol

[*Trinick]

i've been trying to inform people of how vital it is that they freeze their credit cards and stuff but they won't listen. i have my birth certificate, all of my id's, and the SSN on hand in case i get my information stolen.

I don't think it's that necessary, but obviously more caution is always better. Everyone seems to be saying that 50% of the population (of the US) is compromised, but I think it's significantly more than that, especially after excluding children. It's literally so much data that the chances of you getting picked are slim-to-none. Plus, if you had a list of the personal information of every credit-worthy person on the planet, why would you steal anyones identity that doesn't have their name on Forbes?

[Ipquarx]

why would you steal anyones identity that doesn't have their name on Forbes?

So that you're less likely to get a federal investigation on you, I would assume. Get lots of small-time people over a long period so that you don't pick up too much attention.

[*Trinick]

the consequences come when you apply for a really professional job and they see your history here
same goes for me lmao i'm so forgeted in the future

Eh, I work a professional job and had to go through a background check and everything because I work with the same data Equifax does, probably more in depth even. No chance they found this profile, and I've never hidden my identity.

So that you're less likely to get a federal investigation on you, I would assume. Get lots of small-time people over a long period so that you don't pick up too much attention.

It really depends what your end goal is. The process of stealing an identity is not an easy one, and it's not one that can be well automated.