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posted by Fnord666 on Monday October 09 2017, @02:27AM   Printer-friendly
from the someone-was-bound-to-have-said-it dept.

From Consumerist,

A company that supplies stock market indexes reportedly warned investors in August 2016 that Equifax, one of the nation's three major credit bureaus, appeared to be ill-equipped to fight off a sophisticated cyber attack.

The Wall Street Journal writes that MSCI, which provides a number of indices for tracking and predicting the behavior of the stock market, concluded last summer that Equifax was no longer a company investors could reasonably rely on to keep its data safe.

MSCI has a group of stock indices that take into account a company's economic, social, and governance (ESG) factors. Prior to last summer, Equifax had been included in these indices, but then MSCI determined that Equifax had failed to perform regular cybersecurity audits, train its employees to recognize risks associated with an attack, or have an emergency response plan in the case of a breach.

At first, Equifax remained on the MSCI ESG Leaders index, but with a 0/10 score for privacy and data. (Competing credit bureaus TransUnion and Experian scored a 4.9 and 6.9, respectively.) Then, in Nov. 2016, Equifax was removed from this index over concerns about data security.


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  • (Score: 4, Interesting) by NotSanguine on Monday October 09 2017, @08:46AM

    Maybe, sometime, we should try building society a around that idea—indeed, anyone who is interested in living a society that is actually civilized should be interested in building a society around voluntary interaction.

    I don't know. My forbears *voluntarily* moved to the United States. They freely chose to be a part of this society. No one forced them, with a gun or otherwise, to be Americans. They *voluntarily* chose other individuals to represent them in the councils of government for their municipalities, states and the national government.

    They spoke out with their voices, their votes and their wallets to help create the society of which they wanted to be a part. No one forced them to be a part of this society.

    I was born in the United States. I have done all of the above and our society most certainly hasn't been violently imposed upon me. If I don't like how the place I live is run, I can work to change it, I can move to another place within the United States, or I can leave the country altogether.

    Those who founded these United States created the various local, state and federal laws, as well as city charters, state constitutions and the US constitution. Those laws and documents were voted upon and implemented without the use of force, except against the English monarchy which was expelled expressly because its edicts were enforced with violence.

    The story is much more complicated, of course. Enslaved persons, women and others were not consulted in the creation of the United States, and the indigenous population was nearly wiped out by your kind. Fortunately, we banned the traffic in, and ownership of, human beings. And we belatedly granted the political franchise to half the population.

    Do we have a perfect system? No. Are there serious problems in our society? Yes.

    But (at least in the US) we most certainly do not live under a "violently imposed" regime.

    You're quite a piece of work. And you know you're wrong, yet you just blather on as an AC because you don't have the courage of your convictions. In fact, I suspect you don't really have any real conviction, you're just a loser who makes himself feel better by trashing the world around you, rather than trying to create a better one.

    It's sad. I feel pity for you.

    --
    No, no, you're not thinking; you're just being logical. --Niels Bohr
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