‘The company failed at the one thing it absolutely must be good at. It failed in appalling and disastrous fashion.’
‘Should the Consumer Financial Protection Bureau, the Federal Trade Commission, and any other governmental agency wipe Equifax from the earth? Maybe.
At this point, I think it depends on how Equifax handles this, and early returns are that the company is screwing up its response to the data breach just as much as it screwed up by exposing people’s data in the first place.
First off, the company found out about the breach in late July, but didn’t tell people about it until September 7 – more than a month after the breach was discovered.
But as Bloomberg reported Thursday evening, three of the company’s executives dumped their stock in the mean time.’
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