Equifax Faces Multibillion-Dollar Lawsuit Over Hack

Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack by nashashmi on Friday September 08, 2017 @12:34PM (#15201663)

The ideal way to recompensate $500 or $1000 dollars is to sign up everyone for credit/id theft protection, for say, 5 years.

I don't know where else they get their revenue from, but free credit protection will hurt them significantly in the long run.

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Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack by Chaebixi on Friday September 08, 2017 @12:47PM (#15201780)

I've heard that those credit monitoring plans are a joke, and provide very little value besides the simulation of "doing something."

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Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack by X-Istence on Friday September 08, 2017 @01:28PM (#15202235)

They just tell you after the fact that a new credit line has been established. It's still on you as the consumer to go prove that it wasn't you and that you didn't open it...

And guess what, the same questions that they ask you to prove you are who you say you are, are the ones that have likely been stolen!

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Re:Equifax Faces Multibillion-Dollar Lawsuit Over Hack by jstarfish on Friday September 08, 2017 @03:38PM (#15203325)

Lifelock themselves were subject of a data breach in 2015.

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