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A comment on Equifax doesn't want consumers to get their $125. Parent comment

Re:Equifax doesn't want consumers to get their $125 by situational87 on Tuesday September 17, 2019 @09:09AM (#20994555)
You're right, $17B (or more, or dissolving the company) would start to actually spark off some real change in attitudes towards infosec among executives, instead of just continuing the status quo with this non-enforcement action.

The strangest part of this ordeal was when that guy from the FTC was encouraging consumers to take the monitoring on Equifax's request.

They're not even pretending to be regulated anymore, they just come out and tell the government what to say.

The senate report on this hack goes into lots of technical detail, savaging Equifax for their gross incompetence and negligence beat by beat: https://www.hsgac.senate.gov/imo/media/doc/FINAL%20Equifax%2...

Despite all this provable negligence and incompetence all laid out in writing for everyone to see they still suffered zero real consequences. This is going to keep happening over and over and over again until we decide it's unacceptable.

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Re:Equifax doesn't want consumers to get their $125 by jjeaff on Tuesday September 17, 2019 @03:23PM (#20999083)
I actually don't think taking the monitoring is a bad idea. The $125 will not amount to much and he knew that. The monitoring does include some type of identity theft insurance I believe which could actually end up costing Equifax a lot more.

Since the settlement amount was fixed, I don't see any reason the the ftc to encourage not taking it for the wrong reasons.

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Re:Equifax doesn't want consumers to get their $125 by vagab0nd on Tuesday September 17, 2019 @08:10PM (#21001318)
Too bad the total amount is fixed. I don't care about the $125. I want them to lose a substantial amount of money so that they and everybody else start taking this more seriously.
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Re:Equifax doesn't want consumers to get their $125 by undersuit on Tuesday September 17, 2019 @05:09PM (#21000113)
The insurance has to be some kind of joke, they lost the data. The thing they were insuring against has already happened.
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