Equifax had patch 2 months before hack and didnt install it, security group says

[Dark n Stormy Knight]

"The Equifax data compromise was due to (Equifax's) failure to install the security updates provided in a timely manner," The Apache Foundation, which oversees the widely-used open source software, said in a statement Thursday.

https://www.usatoday.com/story/money/2017/09/14/equifax-identity-theft-hackers-apache-struts/665100001/

But, hey, we don't need to regulate industries. They'll always do the right thing by the public if we just don't burden them with those pesky regulations!



Now I have to pay 30 bucks to for freezes, ten bucks to each agency, and probably 90 bucks total counting the ten bucks to each agency when I later need to lift or remove the freezes. Could be more if I do either of the latter two steps more than once.

So, in other words, the credit agencies are going to make a fortune from people having to deal with this mistake they made. They should be paying us for all the inconvenience and aggravation, and potentially worse, they've caused us.

[flibbitygiblets]

1. they stand to make a mint off this breach

Between the fees to freeze/ unfreeze accounts, plus folks signing up for their "free " monitoring service that auto renews in a year, at which point is no longer free, plus folks paying every month for their full credit reports (we get one free a year, thanks to Obama, but that's not really good enough anymore). We're at risk for life because our SSNs are hacked, and guess who stands to make $$$ based on our efforts to protect ourselves?

Don't get me started on Equifax execs dumping their stock LONG before any of this went public...

[Amishman]

2. I doubt they will make money, I'd expect them to lose corporate clients

And that is where most of their money is made

[flibbitygiblets]

3. $10 per freeze X 143M people

plus another $10 to unfreeze. They'll profit handsomely, even if a fraction of us freeze our accounts.

[Amishman]

4. Except they are waiving those fees

And estimated losses on this is upwards of $4 billion

They aren't making a profit on this, however the other credit reporting agencies certainly will.

[flibbitygiblets]

5. Can you tell me how to do that? Because I called Equifax and there was no way to do that

The automated line gives no option to speak to a real person, just insists on getting your credit card number. The # to call a real person was an exercise in frustration --she gave me the number to get on board with their "free credit monitoring program", had no idea what a credit freeze was, and put me on hold indefinitely before I finally gave up.

[Dark n Stormy Knight]

6. I don't care about their bottom line. I care that they are getting citizens' money for

their carelessness.