https://www.lawfareblog.com/why-opm-hack-far-worse-you-imagi...
Oh, and the IRS has already been breached at least once. I'm not wild about waiting for the next one. Maybe government is not the best group to be holding your personal data.
https://www.nytimes.com/2015/05/27/business/breach-exposes-i...
The solution to government breaches is what it's always been: to make the breached data less valuable. Hacking the IRS would be significantly less appealing if we criminalized corporate use of SSNs as credentials.
However, this isn't to say that someone doesn't get the bright idea that they could fund some sort of slush fund with this.
what type of recourse are you talking about? Voting your representatives out?
The pattern I see is:
1. Company collects and stores private consumer info.
2. Company gets hacked.
3. Company share price unaffected.
4. Company sued in class-action lawsuit.
5. Company settles by offering discounted/free products to victims of the hack. ("A $50 value!") Lawyers make a few million.
Result: company gets more users' info as they sign up to claim the discounted products.
Sounds like a good deal if the company is too big to fail.
I don't know why Equifax is too big to fail. But then again, I don't know why Goldman Sachs was too big to fail either.
But, yes, they provide a service. And? There are two other major players who didn't fuck up who supply the same service.
If you got hired for any job worth doing at any point in the last decade, chances are high that among the various background checks, your employer also ran a credit check on you.
> a bail bondsman thing
Why wouldn't a bail bondsman care about your credit history?
Hopefully id.me will get booted from other government agencies as well.