Congresswoman Destroys Equifax CEO Mark Begor About Privacy (fastcompany.com)
An anonymous reader shares a report: In a congressional hearing on Tuesday, Representative Katie Porter (D-CA) asked whether Equifax CEO Mark Begor would be willing to share his address, birth date, and Social Security number publicly at the hearing. Begor declined, citing the risk of "identity theft," letting Porter criticize Equifax's legal response to the 2017 security breach that exposed almost 150 million people's data of that sort to an unknown intruder. The company had unsuccessfully asked a judge presiding over a class-action suit over the breach to dismiss it, saying the plaintiffs hadn't "sufficiently alleged injury and proximate causation" to bring suit, as Yahoo Finance reported late last month.
But they won't do that. Because he's rich. Filthy rich.
Corporatism != Free Market
So she got her 15 minutes of fame, but does it change anything? Aside from the headline, is there any effect?
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not that it hurts to call folks out for their bullshit, but by itself it's little more than impotent rage. If you want change you need to get a lot more people like her in office. And that means showing up for primary elections so you have real choices in the general election.
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"Destroys" is a curious claim. He goes back to his job tomorrow at the same salary and position, They keep running things the same way they have before. Minor blush over being called out in public and all is forgotten. But the congress critter will brag about how she said something smart rather than actually accomplishing anything.
This generation needs to learn, Words do not destroy, only actions do. Perhaps this misconception is part of the reason why people are so afraid of words. Or maybe they've watched too much Harry Potter and think the world is run by spoken magic spells. But even then, they forget that the spell has to be spoken in Latin to have any real effect.
The problem I have with congressional hearings, it is that you a forced to go to a roasting session, and a scolding that one hasn't had sense they were 8 years old.
The problem is that these do little to fix the problems, politician zingers only really hurt people with political ambitions. A CEO doesn't need to win popular vote, He is fine being the most hated man in the world just as long as he gets his pay. Besides after the hearing, most CEO's will get out of the public eye, and most people will forget such insults and scolding told to him.
These hearings shouldn't be about punishing a guy, no matter how nasty they are. But trying to get information so Congress can craft laws and policies to prevent it from happening again.
I am sure Mark Begor as an adult, will fly home in his personal jet, and not loose much sleep, because a Congresswomen got a good zing on him.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
Nothing matters. This has no meaning. He won't lose his job. He won't even lose a second of sleep. He doesn't care about this or anything. Nothing matters.
Because he's rich. Wealth is the only virtue American culture acknowledges.
You're claiming a user with a 3-digit uid is a Russian troll? Idiot.
"I'm so moist I'm sticking to the leather." -Kermit the Frog on The Late Late Show
Millions of people were forced to spend their time getting credit reports because of the breach, and time is money, so clearly millions of people were injured to the tune of at least a couple of bucks apiece.
"I'm so moist I'm sticking to the leather." -Kermit the Frog on The Late Late Show
You slapped him with words. I do appreciate this. Really.
Now let actions follow to match the bite to the bark!
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
This is what someone calls "destroying" they need to be put in a bubble the rest of their lives. That CEO has had much tougher talks and dealings to get to where he is now. Not easy climbing the corporate ladder.
Besides, this is just politics. It's only popular right now. This will be forgotten and gone soon enough.
"Destroyed"? Hardly. This congressional hearings do nothing anyway, they are a waste of time. Congress critters hold them to make it look like they are "doing something".
Nope. She just chewed him out. Can we chill with the over dramatic headlines? I want to destroy modern journalism and replace with something that just tells me what happened.
In Soviet Russia, the long game plays you.
A more meaningful dialogue would have been something like
- Porter - would you take this $100 bill to post your information on line now, or even $1000, I have the cash in hand
- Begor - that's personal information
- Porter - how about $10,000, I have a suitcase of cash here
- Begor - Congresswoman, I don't want to engage in this sort....
- Porter - answer the question yes or no
- Begor - this sort of hypothetical...
- Porter - let the record show that Begor wouldn't not take $10,000 to post his personal information on line and that should be the starting amount, per person, for a payout in any settlement in a class-action lawsuit against Equifax
Then that might have some legal implications, and not just be grandstanding
The problem is that the USA has somehow allowed these credit rating companies to provide data to banks, loan agencies, corporate hiring departments, insurance agencies, etc., without any laws related to verification of the data provided.
It's easier to get your consciousness uploaded to Mr. Frostee than it is to get incorrect info removed from your credit report. There's nothing requiring the credit bureaus to fact-check and verify the sewage coming into their databases, let alone anything requiring them to change the contents of the database when correct material is supplied.
That's what needs to be fixed.
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Ok she had a great point, but can we stop using yahoo phrasing in our headlines?
Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
Now the banks come after the name on their record. Now it is up to the innocent victim who has to prove he/she was not the person who borrowed.
Right now, a bank with all its financial muscle can accuse someone of defaulting on a loan. The alleged defaulter needs to spend time, and energy to fight it off. And in the end you can't get the money spent on defense back from the bank.
We just have to change the law to say, "If a lender falsely accuses someone of default, it should pay the accused the amount claimed as restitution and the cost of defending the claim". Banks will become lot more diligent in processing the loan application, and be a lot more careful before it brings in the muscle to collect.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact