Breaches occur. Negligent security, networking, and auditing missed or ignored network segmentation. I can forgive a small company dealing with my email when they lose it. Equifax is't a small company. They didn't just lose my email. They should be disbanded and their CTO, CIO, and CEO should be held personally responsible.

And Equifax's handling and messaging was truly abysmal. Security professionals are going to write songs about this and pass the knowledge on to their (older) children as scary camp fire stories.

Then perhaps the risk of allowing this kind of business - period - is too great.

The alternative is higher interest rates, reduced unsecured credit, pay-in-advance for housing, and shutting "the masses" out of access to capital.

Correct, all companies face breaches, it's the management and response that should determine the course of action. This is where an independent investigation is crucial for determining basic failures vs systemic disregard. The harder part would be weighing it.