I think when the smoke clears and a year down the line when some stolen ID events lead back to Equifax...there’s going to be a tobacco-like law suit against Equifax...class-action deal...into the billions. If I were going to take a guess, I don’t think the company will be around in its present form in six to eight years. One of the other two companies will buy them out, maybe one-third of the current value.
I agree on the SSN number and it never should have been some form of national ID number. But I think that events of the 1960s and 1970s have changed that forever. A national ID could reverse this trend, but obviously...no one from the Democrats or GOP, wants to fix this.
They actually got access to the credit card area of Equifax. The I9 side wasn’t affected.
I haven’t seen anything about how the hackers got in.
Then-Attorney General William French Smith argued that a perfectly harmless ID card system would be necessary to reduce illegal immigration. A second cabinet member asked: why not tattoo a number on each Americans forearm?
According to Martin Anderson, the White House domestic policy adviser at the time, Reagan blurted out My God, thats the Mark of the Beast. As Anderson wrote, That was the end of the national identification card during the Reagan years.
I’m generally against class-action lawsuits - but this time, I’m on board......
OTOH, I think this is just a sign of things to come.
Our digital world is a house of cards waiting to be brought down by independent hackers or foreign governments hackers......