Identity Thieves Bypassed Experian Security to View Credit Reports

Re:Identity Thieves Bypassed Experian Security to View Credi... by jollyllama on Monday January 09, 2023 @10:52AM (#34311698)

It's not really malfunctioning, in my opinion. It's more or less designed to violate individual privacy and offer as many people access as efficiently as possible.

Neither free market absolutism nor exceptionalism are the reason that it's designed this way. At least, not in the way that I think you mean it. Rather, it's because the current economy of the USA is an inflationary credit economy. It's a very un-free market; a great example is education. The government subsidizes loans which drive up the price, and put people in debt so that they are more desperate to take jobs.

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Re:Identity Thieves Bypassed Experian Security to View Credi... by melenaboija on Monday January 09, 2023 @11:23AM (#34312100)

It is operational malfunctioning:

- Data leakageS

- Prone to errors (see equifax coding error that happened on August[1])

And functional malfunctioning. I would say there are tons of things to say here but only the fact it is a for profit and under control of three companies is enough.

It is broken and IMHO also hard to fix.

[1] https://www.equifax.com/newsroom/all-news/-/story/equifax-st...

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Re:Identity Thieves Bypassed Experian Security to View Credi... by lesuorac on Monday January 09, 2023 @11:30AM (#34312189)

I mean, a credit report is only useful if it actually tells me about _your_ credit worthiness.

Sure, some Elon Musk guy might have enough credit worthiness to make a $44 billion purchase. But are _you_ Elon Musk or just some guy impersonating Elon Musk? Fraud may not be rampant enough currently but if Experian/etc continue to help fraudsters it will just keep getting worse.

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