Equifax can handle its internal management and operations however it wants.
Externally, though, I want Equifax to have to pay a fine for every individual whose information was compromised. Identity theft can easily cause five figures worth of damage, so $10k per individual would be fair. Maybe as a warning shot we could lower this to... $1k? $100?
That's the only way to properly align incentives so companies will proactively defend against attacks like this.
Externally, though, I want Equifax to have to pay a fine for every individual whose information was compromised. Identity theft can easily cause five figures worth of damage, so $10k per individual would be fair. Maybe as a warning shot we could lower this to... $1k? $100?
That's the only way to properly align incentives so companies will proactively defend against attacks like this.