|Posted on Friday, September 15, 2017 - 04:08 pm: ||
The freeze should be free. "."
If your data was taken in the hack (mine was) then Equi-f-u-c-k-e-d should pay every dime for a freeze on all the reporting agencies and for credit monitoring. The freeze should also be for life, not just one or five years.
These guys make so much money off selling your data, I would not be surprised if they "let" the hackers get in so they can sell you services to protect you.
Scumbags one and all.
It does not matter though, you are the product not the customer so they have no incentive to do anything to protect you. Until the laws are changed to make them 100% liable this will continue to happen.
|Posted on Friday, September 15, 2017 - 11:50 pm: ||
I believe Equifax is paying for their bureau freezes. For $5...not worth the angst to argue it. I pick my battles; this one's not worth wasting energy on.
And my understanding is, a freeze is permanent, until I actively take it off should I need to start a new loan process for something.
|Posted on Saturday, September 16, 2017 - 11:02 am: ||
If you're 65 or older, putting the freeze on with any service comes at no cost. At least for CA residents.
Discover Card instituted a SSN alert for free.
I bet the other cards will offer the same in the coming days/weeks.
|Posted on Sunday, September 17, 2017 - 08:21 pm: ||
News from the Register contained a few Articles on the breach. http://www.theregister.co.uk/2017/09/15/equifax_si trep/
Struts vulnerability was no zero day, patch was available and not maintained, HTTPS also poorly implemented. Interestingly, U.K. Information was supposedly not involved, unless it was ...apparently, due to a "Process" failing, Equifax was violating U.K. Law by storing data in US systems for several years, before realizing it.
I think Equifax is attempting to drip-feed just how colossal a phuqp this thing is.
|Posted on Monday, September 18, 2017 - 02:54 pm: ||
A nice solution would be for all credit rating agencies that collect and hold personal information best kept private to have a default position that all files/reports are frozen. 95% fix in short order.
Equifax et al, hold some responsibility due to their policy/practice that all credit information is available for the extension of credit by default rather than by exception.
The world (or the titans of commerce really) want the access to credit to be easy for their own self interest. The cost of credit fraud is built into the cost of business and charged to the customer through higher interest rates/product costs that pass through the charges to the customers. All customers really, cash or credit as I view it.
They have been saying there are 3 credit agencies but I think there is a 4th so beware.
A couple other issue worth considering. Identity is going to be biometric. The new iPhone is the start to reliable biometric identification. It should be palm identification rather than facial however.
Further, there is the possibility of vastly better network security that is self-autheticating. In alpha testing now, see
These two should make things better. Then the more interesting problems can get some focus.