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Old 09-07-2017, 10:06 PM   #41
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Nothing will improve in this area until the banks and credit bureaus have more skin in the game.
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Old 09-07-2017, 10:08 PM   #42
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The IRS has to assume that everyone got hacked so that would be silly to need to notify them. 150,000,000 people is half the population.

I think it is time we stopped using SS# for identification and credit reporting. Even yahoo mail requires more security now than 9 digits
Will be interesting to see how the IRS handles this. Will they require everyone to use a postcard PIN? To be continued, I guess.
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Old 09-07-2017, 10:09 PM   #43
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So EFX is down some 13% in after hours. I might buy some puts tomorrow because this baby is going down some more.
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Old 09-07-2017, 10:12 PM   #44
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It was only a question of time. With the credit bureaus collecting so much information on all of us, they are the ideal target.
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Old 09-08-2017, 12:47 AM   #45
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"Bloomberg reports that three Equifax senior executives sold shares worth almost $1.8m in the days after the company discovered the breach – but before Thursday’s disclosure. That’s bound to fuel anger from customers who will want to know why."
Seems like pretty obvious insider trading. Will be interesting to see if it gets prosecuted.
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Old 09-08-2017, 05:53 AM   #46
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Maybe EquiFax should change it's name to EquiLax?
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Old 09-08-2017, 06:13 AM   #47
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Maybe EquiFax should change it's name to EquiLax?
Trademark that!
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Old 09-08-2017, 07:11 AM   #48
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Okay, so I click on the EquiFax link to check if my info was compromised. Firefox flags the site a phishing and deceptive. I don't think the site is phishing since in the news. But still... .

Checked and got the result of, as Maury Povich says, "I am NOT the father".

In other words, looks like not impacted .
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Old 09-08-2017, 08:28 AM   #49
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Thinking about it overnight, I think this event will actually greatly increase the earnings of all three major credit reporting agencies.

The reason is the $10 to freeze your credit and $10 for each temp thaw/refreeze.

If only 10% of the 150,000,000 people decide now to freeze their credit, and do about three thaws a year like we have, then you are talking an increase in revenue of $900 million a year. FOR DOING NOTHING

Might actually be time to buy Equifax stock on a dip.
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Old 09-08-2017, 09:19 AM   #50
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Not impacted... whew. I think I'll still enroll in the credit monitoring service, since it's free, unless there's some sort of downside to it that I'm not aware of.
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Old 09-08-2017, 09:22 AM   #51
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There's also this!

https://twitter.com/kyshoc/status/906028906855096320

Sneaky SOB's!
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Old 09-08-2017, 09:27 AM   #52
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i'm impacted and I currently have a protection account with equifax
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Old 09-08-2017, 09:32 AM   #53
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I have a credit freeze with the Big Three but got the bad news message others describe above.
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Old 09-08-2017, 10:07 AM   #54
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I've had free credit monitoring for at least 4 years now due to places I've had business with getting hacked including the DoD. They all send you a letter of apology with the info to sign up for a year of free credit monitoring. At some point, I assume, things are going to get very bad for me but so far I haven't had any issues.
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Old 09-08-2017, 10:13 AM   #55
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I've had free credit monitoring for at least 4 years now due to places I've had business with getting hacked including the DoD. They all send you a letter of apology with the info to sign up for a year of free credit monitoring. At some point, I assume, things are going to get very bad for me but so far I haven't had any issues.
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Old 09-08-2017, 10:20 AM   #56
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Disappointing?!?!?! Is that the best adjective they can come up with?

How about something like "We have just made the lives of 143 million people a lot more difficult by miserably failing to prevent or quickly detect and stop this violation of our security. We made matters worse by waiting over a month to tell you about it thus further risking your financial security and trashing any remaining trust you may have in us. The Chairman, Execs and Board of Directors are now being instructed in Japanese art of Seppuku."

If you have not already done so, Freeze your credit at all three major credit bureaus at once. Presumably that still works properly. But, then again... who knows for certain anymore?
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Old 09-08-2017, 10:24 AM   #57
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Nothing will improve in this area until the banks and credit bureaus have more skin in the game.
I was joking about Seppuku, but it certainly would put some 'skin in the game' - quite literally.
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Old 09-08-2017, 10:28 AM   #58
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Thinking about it overnight, I think this event will actually greatly increase the earnings of all three major credit reporting agencies.

The reason is the $10 to freeze your credit and $10 for each temp thaw/refreeze.

If only 10% of the 150,000,000 people decide now to freeze their credit, and do about three thaws a year like we have, then you are talking an increase in revenue of $900 million a year. FOR DOING NOTHING

Might actually be time to buy Equifax stock on a dip.
After this debacle, there will probably be a push to lower or eliminate fees on credit freeze. If your identity has been compromised by Equifax's failure to protect your data, could you imagine having to pay them money to freeze/thaw your credit? And why am I required to do business with this company in the first place?
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Old 09-08-2017, 10:28 AM   #59
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Seppuku for the top brass maybe?
Removing top brass doesn't solve the problem it just removes a target. Seriously, any business can get hacked. No matter how careful they are. Credit monitoring? I generally pass on the offer, I want monitoring that rejects the fraudulent charges. CC companies already do that.

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Old 09-08-2017, 10:41 AM   #60
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Great, you can't really protect yourself these days. One day there will probably be a whopper hack like we've not yet seen, just a matter of time. Even though we never "enrolled" with them, Equifax site said DW and I were both affected so we signed up for the "free" security. Probably a ruse to get more info...
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