Posted on 09/09/2017 6:56:10 AM PDT by Wolfie
The penalties in terms of financial and criminal prosecution are not severe enough for businesses to secure the data.
While they made millions in bonuses and charged YOU for YOUR data, they neglected securing the data.
We are a nation of laws, not a nation of “Whatever-Nutjob-Blogger-Karl-Denninger-Thinks-Is-Appropriate”.
This country’s corruption has gone way past handcuffs. It’s going to take rope and bullets to return the rule of law and save this republic.
Calling all reporters to visit with Martha Stewart and Martin Shkreli.
Bet there are some pithy quotes and parallels that could be extracted.
But, alas....lap-dog media will let this one pass.
“Nation of Laws”.
That’s the whole point.
There’s one set of laws for “us”, and another set of laws for those who finance the members of the swamp.
I foresee the mother of all lawsuits.
>>That’s the whole point.
>>There’s one set of laws for “us”, and another set of laws for those who finance the members of the swamp.
Exactly! Because they get to write the laws that govern them....and they get to write the laws that govern us. Our free market has almost turned into a kleptocracy.
All brought to you by corporate lobbyists and their payoffs to congress.
I foresee the mother of all lawsuits.
The Lawyers get rich...The people get $1.00 at the most.
Led by lawyers, IMO the root of our problems.
Lawyers turned judges, lawyers turned politicians. Lawyer politicians writing laws to primarily require lawyers and lawyer/judges to decipher them.
America has become a lawyer works program. Tagline.
I think it would be instructive for Equifax to be on the receiving end of a law suit that would threaten their continued existence.
Might get other’s attention.
“”We are a nation of laws, not a nation of “Whatever-Nutjob-Blogger-Karl-Denninger-Thinks-Is-Appropriate”.””
And you don’t think having the public hold the lawmakers responsible for putting through legislation to stop this is worthwhile?
Pressure put on every stinkin’ congress critter by US is something that needs to take place. They are as unconcerned about US as the three at Equifax who sold their stock UNLESS we make them aware it’s their job to introduce legislation with many of the points brought up in the article. WE are not responsible for the lack of security nor should we ever be responsible for the debts piled up by thieves.. Of course, congress may have trouble determining just who we are calling “thieves.”
Correct.
And if penalties are applied, they will use their leverage to get out of it. Credit scores are used for everything now. From loans to getting a job (a friend of mine had to defend his credit report at an interview).
The amount of power the metadata companies hold is vast. They will not be prosecuted, because they can’t be.
I think it would be instructive for Equifax to be on the receiving end of a law suit that would threaten their continued existence.
Might get other’s attention.
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A lawsuit would only punish the shareholders. What these executives need is an executive suite at San Quentin.
That would get everyone’s attention.
Yes but the price those foreign companies gave to create and maintain the software was such that major bonuses could be awarded to the executive staff.
A data breach of this magnitude might have the unintended consequence of rendering every credit score worthless for any purpose. If I had to defend my credit score in a job interview and it wasn’t very high, I would just tell them that my records were compromised by Experian and there are now 50 Mexicans running with fraudulent credit cards in my name.
Maybe.
But when the parties of the lawsuit find their credit rating destroyed...
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