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A Year After Equifax Breach, No Enforcement Actions

posted by mrpg on Sunday September 09 2018, @10:08AM   
from the if-god-isn't-real-who-saved-them? dept.

chromas (from IRC) writes:

A year after Equifax breach, no enforcement actions:

A new report by congressional investigators details how hackers broke into Equifax last year in a breach that exposed the financial information of more than 145 million Americans.

The lawmakers who requested the report say they will press the Trump administration on the lack of enforcement actions against the giant credit-reporting agency.

Shares of Equifax plunged by about one-third last year after news broke about the massive breach. Since then, the stock has recovered to about $10 below its peak before all the bad news and closed Friday at $135.91 a share. The company has reported a profit of $236 million this year, and second-quarter profit was down just 12 percent from the same period last year despite the breach.

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Original Submission

• By the people By the people (Score: 4, Informative) by fyngyrz on Sunday September 09 2018, @10:05PM (4 children)

  by fyngyrz (6567) on Sunday September 09 2018, @10:05PM (#732599) Journal

  This is because our government is filled with people like too many posters here

  No, this is because people keep electing the rich, who, in turn enact legislation and choose minions in order to further support for the rich.

  Of course the laws and the (in)justice system favor the rich. Of course they get away with things the average peon cannot. Of course their businesses are allowed to egregiously slide when they violate this or that rule or statute.

  The system can't be fixed as long as the voters insist on actively continuing to break it.

  A recent congressional election:

  • 14% approval rate.
  • 94% re-election rate.

  ...and there you have it.

  The stupid, it burns.

  Parent

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• Re:By the people Re:By the people (Score: 1) by khallow on Monday September 10 2018, @01:00PM (3 children)

  by khallow (3766) on Monday September 10 2018, @01:00PM (#732740) Journal

  People vote for one representative and two senators. There's no reason to expect or care that they don't approve of members who don't represent their interests.

  Parent

  • Yes, well, and the wheel rolls on. Yes, well, and the wheel rolls on. (Score: 2) by fyngyrz on Wednesday September 19 2018, @09:34PM (2 children)

    by fyngyrz (6567) on Wednesday September 19 2018, @09:34PM (#737238) Journal

    More and more of their interests are federally based. They're just not seeing it.

    Personally, I vote based on both sets of issues. At the moment, the federal ones seem much more in need of attention to me.

    Conveniently, however, the votes that are indicated as needful by the two sets of problems turn out to be the same at this point in time.

    Sorry for the late answer. I missed this somehow. :/

    Parent

    • Re:Yes, well, and the wheel rolls on. Re:Yes, well, and the wheel rolls on. (Score: 1) by khallow on Thursday September 20 2018, @01:47AM (1 child)

      by khallow (3766) on Thursday September 20 2018, @01:47AM (#737332) Journal

      The problem remains that they only vote for the sliver of representatives and senators that represent them. They don't vote for those other representatives (98 senators and 434 representatives).

      Parent

      • Re:Yes, well, and the wheel rolls on. (Score: 2) by fyngyrz on Thursday September 20 2018, @02:22PM

        by fyngyrz (6567) on Thursday September 20 2018, @02:22PM (#737500) Journal

        Yep. That's the flaw with the system, all right.

        Parent