Equifax Faces Multibillion-Dollar Lawsuit Over Hack
So let me get this right, this company collects credit information and someone hacked into their web server and stole highly sensitive information about most of the adult american population. Then the executives sold their stock a day before they announced the hack to the public.
Besides the troubling fact that you still use social security and credit card numbers as any form of reliable authentication, how aren&#x27;t there already federal agents searching every square inch of the company and interviewing key employees under oath? But no, nobody is securing this evidence and thus any lawsuit will probably either fail or end in a small settlement of an amount the company will not be significantly hurt by, causing no reason for stronger security in the future of this or any other company.<p>The kind and amount of information warrant strong regulation in the way the data can be stored and processed (separate monitored networks not reachable from the internet would be the absolute minimum), governmental regulation needs to ensure the security of sensitive personal information like this and regular checks need to be conducted to ensure their adherence, especially in the case of a breach like this after the fact, you can&#x27;t rely on the company conducting a forensic investigation.<p>But no of course not. I can already hear Americans preach to me how the free market is great and solves all your problems.