This Friday the 14th will be the one year anniversary of Equifax admitting their little "whoopsie" in letting hackers steal the personal information of most adult Americans, 148 million. So what terrible price has Equifax paid for this largest data breach in the history of the world?
- No enforcement or punitive actions have been taken against them by the government. The Consumer Financial Protection Bureau isn’t investigating, there’s nothing to see here says the agency charged with protecting consumers.
- No legal action has been taken against any company official, except the insider trading dumbasses who sold their stock when they found out about the breach and before it became public information.
- Their CEO, Richard Smith, retired a few weeks after the breach with a $90 million retirement package. Where is he? Why isn’t he being chased with pelted tomatoes out of every fancy restaurant he tries to go to?
- While its stock price dove about 1/3rd in the immediate fallout, it has recovered to about $10 of it's all time peak
- Nothing has been done to alleviate the obvious systemic risk of having a few companies control the entire system of consumer credit, gatekeeping access to everything from houses and cars to buying a new iPhone or renting a crappy apartment.
"Nothing has been done" pretty well sums it up. Happy anniversary, Equifax. By the way, did you ever install that security patch?
This post made my day.
Imma need a cigarette after that post.