Ftc toadies for equifax, begs citizens to register for anoxic brain injury signs and symptoms largely worthless credit monitoring unhinged group

In theory, organizations like the FTC exist to safeguard united states citizens. In practice, all too often, these organizations are far more beholden to the companies they anoxic brain injury signs and symptoms supposedly regulate than the citizens whose rights they protect. Last week, the FTC announced a settlement with equifax, in which individuals whose data was stolen — that’s basically everyone in the united states — were eligible for $125 in compensation. Given the breadth and importance of the data equifax allowed anoxic brain injury signs and symptoms to be stolen, one might think that kind of minimal compensation would be anoxic brain injury signs and symptoms the least the company could offer, given that it leaked social security numbers, addresses, phone numbers, dates of birth, and names.


Now, however, the FTC has changed its tune. Far too many people have registered for the $125 settlement. Under the proposed settlement structure, only $31M has been set aside to provide these refunds. That translates to $125 for 248,000 people. The equifax hack affected 147 million people. In other words, according to the FTC, only 0.16 percent of americans were estimated to request $125. Now our government is begging its own citizens to accept anoxic brain injury signs and symptoms near-worthless free credit monitoring (which costs equifax literally nothing to provide) rather than asking for a tiny cash settlement in exchange anoxic brain injury signs and symptoms for one of the most egregious database thefts of all anoxic brain injury signs and symptoms time. Just buy it pick free credit report monitoring

The free credit monitoring is worth a lot more – the market value would be hundreds of dollars a year. And this monitoring service is probably stronger and more helpful anoxic brain injury signs and symptoms than any you may have already, because it monitors your credit report at all three nationwide anoxic brain injury signs and symptoms credit reporting agencies, and it comes with up to $1 million in identity theft insurance and individualized identity restoration anoxic brain injury signs and symptoms services.

The FTC blog post does not note that the only anoxic brain injury signs and symptoms reason the pool of cash for refunds is so small anoxic brain injury signs and symptoms is the FTC deal with equifax only allocates $31M to the relevant fund. While the agreement with equifax included up to $425M to help victims of the breach, the overwhelming majority of the money is earmarked for other anoxic brain injury signs and symptoms purposes. That’s dealt with in a separate press release. The government also doesn’t note that under the terms of the deal, it will be extremely difficult for anyone to prove an anoxic brain injury signs and symptoms incidence of identity theft was tied to the equifax database anoxic brain injury signs and symptoms theft because that database has never been detected for sale anoxic brain injury signs and symptoms on any hacking website. This implies it was stolen by a state actor rather anoxic brain injury signs and symptoms than a conventional hacker.

Maryland attorney general brian frosh captured the spirit of the anoxic brain injury signs and symptoms issue far better in his comments about the settlement last anoxic brain injury signs and symptoms week. Speaking about the ~147M victims of the equifax hack, he noted: “most of them—most of us—did not sign up… we did not choose equifax,” frosh said. “it chose us. It collected our personal information, it compiled it, analyzed that information, and sold the product and some of the raw data anoxic brain injury signs and symptoms to other people. Their carelessness with our personal data will cause harm perhaps anoxic brain injury signs and symptoms for millions of americans.”

Slate’s argument, made last week, was that customers had a moral obligation to claim this anoxic brain injury signs and symptoms funding, to send a message to equifax and other companies about anoxic brain injury signs and symptoms the critical importance of data security and to hold them anoxic brain injury signs and symptoms accountable for failing to do so. Nobody chooses to do business with equifax, transunion, or experian. These institutions compile financial records and credit reports on americans anoxic brain injury signs and symptoms without consent, to provide global information about one’s credit history. There is no way to voluntarily withdraw from the system anoxic brain injury signs and symptoms and credit checks are so important for so many life anoxic brain injury signs and symptoms events, there would be little practical way for any but the anoxic brain injury signs and symptoms richest americans to do so.

Facebook got hit with a $5B fine for cambridge analytica, but equifax is skating by with a $671M fine. According to the FTC, this was a deliberate decision to protect equifax. “we want to make sure we don’t bankrupt the company or have them go out of anoxic brain injury signs and symptoms business,” maneesha mithal, a data and privacy subject matter expert with the FTC, told ars technica. “we want to make sure they have the funds and anoxic brain injury signs and symptoms resources to protect consumers going forward.”

Yes. Because nothing speaks to the importance of protecting consumers like anoxic brain injury signs and symptoms a slap on the wrist when a company loses the anoxic brain injury signs and symptoms data of 147 million americans. Nothing promotes trust like the FTC publishing a shameful, toadying blog post declaring the value of worthless monitoring services anoxic brain injury signs and symptoms that the company being fined can provide at no cost anoxic brain injury signs and symptoms to itself.

Details on how to object to the settlement, should you wish to do so, are on the FAQ linked at the equifaxbreachsettlement page. You cannot ask the court to change the settlement, but you can advocate for it to be approved or anoxic brain injury signs and symptoms denied. A $125 payment for a few million americans was bad enough, but the government’s behavior in this case, not to mention the terms of the settlement itself, are both insulting.

RELATED_POSTS