What is "really wrong" in your definition? I would say this breach is about as "really wrong" as you can get.
The threat of lawsuits already existed before this hack. Look at the multi-million payout Target paid after their credit card breach (and they say it cost their company ~200mil). So that was STILL NOT ENOUGH to change Equifax's behavior.
Improved government oversight/regulation of this industry is more than overdue. This is a national security issue and we should not have our data (and the means of protecting it) held hostage by private companies.
The threat of lawsuits already existed before this hack. Look at the multi-million payout Target paid after their credit card breach (and they say it cost their company ~200mil). So that was STILL NOT ENOUGH to change Equifax's behavior.
Improved government oversight/regulation of this industry is more than overdue. This is a national security issue and we should not have our data (and the means of protecting it) held hostage by private companies.