Re:Equifax IT staff had to rerun hackers' queries to work ou...
by g051051 on Wednesday September 19, 2018 @01:56PM
(#18026204)
The difference was that in Enron's case it was clear criminal intent to defraud, as opposed to security failures.
As far as "Congress literally passed a law to save Equifax from private lawsuits", what they did was part of the larger sweep of allowing companies to force arbitration on consumers. It was unrelated to the breach.
Re:Equifax IT staff had to rerun hackers' queries to work ou...
by munk-a on Wednesday September 19, 2018 @08:31PM
(#18028770)
The allowance of private arbitration is a pretty clear example of corruption though, class action lawsuits exist for the purpose of punishing companies more than delivering assets to the suffering parties and that route has been taking away in a lot of circumstances.
That's why, regardless of how large a company scandal is, you can make a pretty good bet on the company surviving and recovering easily from the scandal, because the government will protect it/issue a tiny fine to save some face. In this case, Congress literally passed a law to save Equifax from private lawsuits. Absolute insanity. If this isn't a sign of a corrupt government, I don't know what is.
It's a very sad state of affairs that will likely get much worse before it starts getting better.