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In case you didn't notice, you're not Equifax's customer. This happened because your personal information is valuable, and Equifax is in the business of selling it.
The FCC is staffed with former lawyers and lobbyists for AT&T, Verizon, Comcast et al.
The FDA has a ton of personnel who worked for Big Pharma.
Its customers are people and organizations who want to buy information: banks looking to lend you money, landlords deciding whether to rent you an apartment, employers deciding whether to hire you, companies trying to figure out whether you'd be a profitable customer -- everyone who wants to sell you something, even governments. It might be one of the biggest, but there are 2,500 to 4,000 other data brokers that are collecting, storing, and selling information about you -- almost all of them companies you've never heard of and have no business relationship with.
Surveillance capitalism fuels the Internet, and sometimes it seems that everyone is spying on you.
I wondered why the press was covering this one and not many of the others. To what extent so you feel legislation such as GDPR will help push this forward?
• September 13, 2017 PM The problem with government regulation is that it's a temporary (at best) solution, which quickly becomes a problem in itself.
By all means, take the recommended steps to protect yourself from identity theft in the wake of Equifax's data breach, but recognize that these steps are only effective on the margins, and that most data security is out of your hands.
Perhaps the Federal Trade Commission will get involved, but without evidence of "unfair and deceptive trade practices," there's nothing it can do.
Soon, another company will have suffered a massive data breach and few will remember Equifax's problem.
Does anyone remember last year when Yahoo admitted that it exposed personal information of a billion users in 2013 and another half billion in 2014? There is little improvement in safety and security in any industry until government steps in.
By regulating the security practices of companies that store our data, and fining companies that fail to comply, governments can raise the cost of insecurity high enough that security becomes a cheaper alternative.