It'll be used to push their agenda.

Because that's not exactly the place for the question?

Because that's not exactly the place for the question?

I'm hearing only like 130k SS#s/complete profiles were stolen.

That's enough people to create a financial catastrophe the likes of which would permanently cripple the us economy.

I italicized "only" there because I was being facetious.

lol it's been a while.. my bad.

No worries man. It was vague enough.

130k in a nation of 330 mln could cripple permanently cripple the US economy? Highly unlikely.

rough estimates put 200k at a loss of their entire info from credit to ssn. 140m ssn and partial info lost. Three companies for the entire US.. one of which compromised 3rd of the nation. I trust no corporation, I would venture a guess a few more people are think the same today.

How does this cripple the economy?

3rd of the nation should be issued new SSN. That process alone will take years. Which would put 3rd of the population in limbo for anything requiring SSN. Then 200k or so people are truly fucked, if the mean income households in the nation rests around $50,00 a year. That would create an imbalance of $10,000,000,000 for however long it would take to sort this out. Remember these companies control every aspect of our basis for financial institutions.

$10 billion. US GDP 18 trillion.

Im not following here. The world doesnt stop. Equifax has nothing to do with controlling the basis of financial institutions. What in the fuck are you talking about? They simply determine if a person is likely to pay back a loan or debt. Of which several other companies fill a similar role, experian and transunion, will easily fill any void.

They are not issuing millions of SSN.

problem solved. next?

So you retract your statement that the entire US economy is not permanently crippled?

I want to say no, because long term these things are impactful and compound over time. However I recognize that yes currently it is not insurmountable, and merely an inconvenience or "blip on the reddit radar"

I dont disagree that this is a problem and a big deal.

Just dubious that Equifax has the ability to permanently destroy the US economy. Not even dubious, im positive. All 3 major US indices brushed it off as a non event, and jumped to all time highs, on tax reform optimism today.

I was reading that this was basically planned to happen so they can further push RFID or whatever that's called. I guess it makes sense, who knows anymore. I got bad credit so they can steal my identity all they want!

It was just a joke but either way I have no money for them to take.

This sounds like fear mongering tbh. What is consumer protection? Why am i able to dispute charges? How come i can flag purchases as fraudulent.

I am not even joking.

I am from Canada, I have bad credit, just from student loans, no credit cards, and I am being sued for it, I am on social assistance and if they tried to force people on it to get RFID'd, I would be put into this boat, I would lose social assistance, and I would be forced into this literal situation.

The second thing is I do work, but we haven't met with a judge yet, if they end up bleeding me (I live off of 1k a month total, and sadly that doesn't pay everything, do side jobs for xtra cash, nothing crazy), I am probably literally fucked.

Yay Canada. I also suck for not paying my student loans, except I have never been in a financial situation where that has really been plausible.

Why do you need a Radio Frequency ID because you have bad credit? What the hell would that solve?? I don't understand, what being sued for bad credit is, never heard of such things. Are you saying you were turned into a collection agency? How can you be sued for something they know you dont have...None of this makes sense or adds up lol

You have a college degree, but you only live off 12k a year? But also get social assistance?

You arent fucked because it all sounds made up. No judge is going to strip you of your ability to feed and house yourself...

It's kinda funny to me seeing people talk about RFID/microchipping, like, yeah that's really what we gotta worry about when Alibaba just unveiled 3D facial recognition cameras that you pay by smiling at. If we're talking pervasive, omnipresent tracking, that sort of thing looks infinitely more likely than literally microchipping every human being.

P.s. how come nobody ever brings up Alibaba when we're listing megacorps? They've surpassed Walmart as the largest retailer in the world, and are literally worth ~$440bn. Food for thought y'all.

And if you sign up for their "free" monitoring service you waive your right to sue them.

I wonder if you can sign up with one of the other agencies. Also, does it seem fucked up that the 3 credit bureaus are private companies?

Yeah it's fucked up. Kind of like how internet still isn't considered a utility. More and more aspects of our society are being purposefully structured to negate the protections offered to us by the Constitution, Bill of Rights, etc.

💩

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For sure, I've notice the talking point with regards to Google is "if a company is private they can do what every they like". Like we can't criticize or discuss their actions.

Oh well that's good news I guess. Either way they should be responsible for 100% of the damages that could potentially arise from their lack of security.

Actually, originally their terms said that you gave up your right to sue simply by using their site to find out if your info has been compromised. you still give up your right to sue if you sign up for their monitoring service.

remember the Target data breach.

Cash is king

No worries man. It was vague enough.

For sure, I've notice the talking point with regards to Google is "if a company is private they can do what every they like". Like we can't criticize or discuss their actions.

3rd of the nation should be issued new SSN. That process alone will take years. Which would put 3rd of the population in limbo for anything requiring SSN. Then 200k or so people are truly fucked, if the mean income households in the nation rests around $50,00 a year. That would create an imbalance of $10,000,000,000 for however long it would take to sort this out. Remember these companies control every aspect of our basis for financial institutions.