![]() I would happily give up my ability to have my credit/background checked via Equifax if that meant I could take my information back. We can’t opt out, though I strongly feel that needs to be an option. We can't take our business elsewhere - none of us chose to do business with Equifax (or Experian or Transunion) in the first place. And the worst part is there is nothing any of us can do. It's like they hired Eric Trump to come up with this. My question: Why is CEO Richard Smith not being fitted for a tar-and-feathers overcoat? If the buck doesn’t stop at his desk, where does it stop? (And we also discover that there was a second, earlier hack.) Equifax admits to learning of the vulnerability then, but has been extremely vague as to why its systems continued to remain unpatched. It also turns out that the cause of the hacks was a critical vulnerability that became public last March. No word on what kind of retirement package they’ll receive. And they claim they won’t automatically roll over the free year of credit monitoring to a paid account (though they say nothing about attempts to upsell or convert to a paid account at the end of that year).Īlso since then, the company announced that its chief information officer and chief security officer are ‘retiring’. The company just published a new FAQ that makes some of the issues about lawsuits, etc. For example, they say they changed the PIN generation system to be more random. Since all that news became public, Equifax has backtracked. We’ll see what the SEC investigation has to say about it. Did I mention the part where three top Equifax executives dumped $1.8 million worth of stock before the news of the hack went public? Purely a coincidence, they say.The PIN you are given when you enroll is simply a date and time stamp of when you do it - narrowing the ability of attackers to guess this 10 digit number from 1 in a billion to 1 in 5000. ![]() Language implies yes, but Equifax issues a vaguely worded denial, followed by a slightly stronger denial. Then there is the question of whether, by enrolling in TrustedID (a misnomer if ever there was one), you are giving up your rights to participate in a class action suit against the company.(And when you do, it tells you to come back in four days. Then, regardless of whether it determines that you “may have been impacted” or not, it encourages you to enroll in Equifax TrustedID Premier service.
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