Observations Along the Road

Theatre Writeups, Musings on the News, Rants and Roadkill Along the Information Superhighway

Caught With Your Pants Down

Written By: cahwyguy - Fri Sep 08, 2017 @ 12:06 pm PDT

I’ve been reading a lot today about the Equifax compromise, where, you, the person whose data Equifax collected, were caught with your pants down because — although you buckled the belt as you should — the manufacturer forgot to secure the buckle to belt. When you bent over to pick up that hot dog that landed on the floor — whoops, your privates, and those of 143 Million other Equifax individuals about which Equifax had data (about 44%) were put out there for all the world to see, to point at, and to laugh.

Don’t you feel embarrassed? Don’t you feel like you should lock yourself up in a dark room and hide forever?

You don’t need to. Equifax has provided a complicated checking procedure and registration approach that, ultimately, puts you in a queue for a paid year of credit monitoring, while you give up your rights to arbitration and class actions suits¹. Doesn’t that make you feel better? Oh, and that credit monitoring. I think you still need to give a credit card, so they can start billing you after the free year is over.² Still feel better? Remember, this is monitoring — it doesn’t stop anything and lets you know after the information is used. Of course, you can have confidence in Equifax that they will protect you after the breech, given how they have handled it. [ETA: Oh, and Equifax was sending people to a fake phishing site.]

¹: [Update: They later clarified this wasn’t the case, although initial language made it appear to be the case. Translation: Sloppy response to the situation; poor contingency planning.]
²: [Update: They since removed the requirement for a credit card; it was there when this article was written]

Of course, there are security folks proposing other solutions. Some suggest the easy solution of just giving everyone new, more secure, social security numbers. Alternatively, we could start using our RealID Drivers License, and have one national identity number.

More sane folks are recommending a two pronged approach that doesn’t requiring using Equifax’s protection: the most common approach is suggesting a fraud alert on your records, and paying to have a freeze to prevent new accounts. All good ideas.

As for me, I’m going to wait and see. With 143 Million pieces of data, their odds of picking me are, well, 1 in 143 million. That’s pretty small.  Plus the information has been out there for months — and with information like this, you have to use it quickly or it loses its value. Have we seen an uptick in identity theft? I haven’t heard of anything. I strongly suspect that this was a nation state, just like the OPM breach, and only select data will be used, for sophisticated spear phishing attacks. After all, why do they need to do the fraud when they can get you to unlock the door? Further, this isn’t the only attack: you’ve likely already had your information released (see this site).

Oh, and before you get scared about using the Internet, think about this: You don’t have to be an Internet user to have your information in the Equifax data. You just have to have had credit as some point in your life. The fault was with Equifax, the company you trusted to protect your data. Oh, that’s right. You didn’t choose Equifax. The fault was with Equifax, the company other companies trusted to give them accurate credit data. Equifax didn’t care about you or your credit. And neither did that little minx, Wendy*.

It is not in Equifax’s business model to protect your data: well, they’ll protect it only until they can sell it to the highest bidder. Remember the adage: If you get the service for free, you’re not the customer, you’re the product. [Translation: Equifax and other credit reporters make money by selling your data. Until their customers — the financial organizations that buy their data — demand accurate information, nothing will change. They won’t demand as long as it doesn’t cost them. They don’t pay the cost of the identity theft — you do.]

Feel better now? If not, wait I bit. I’ll be posting something this evening that will make you feel much better, even if your pants are down.

P.S.: Speaking about phishing, my favorite theatre about spam is having performances on 9/10 and 9/17. Go see it. It had Gene Spafford rolling in the aisles.


*[Paraphrasing my favorite Alton Brown quote, long since removed from his website:]

Here’s what it comes down to kids. Equifax doesn’t give a damn about you. Neither does that little minx Rachel from Card Services or any of the other icons of finance. And you know what, they’re not supposed to. They’re businesses doing what businesses do. They don’t love you. They are not going to laugh with you on your birthdays, or hold you when you’re sick and sad. They won’t be with you when you graduate, when your children are born or when you die. You will be with you and your family and friends will be with you. And, if you’re any kind of human being, you will be there for them. And you know what, you and your family and friends are supposed to watch out for you too. That’s right folks, protecting someone else’s information is an act of caring. We will always be protected best by those that care, be it ourselves or the aforementioned friends and family.

We are having our information exposed and exploited and exploited again because we have handed a basic, fundamental and intimate function of life over to corporations. We choose to value our information so little that we entrust it to strangers. We hand our lives over to big companies and then drag them to court when the deal goes bad. This is insanity.

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One Comment

  1. Monica says:

    “Fortunately”, I still have another year or so to run on the ID-theft protection provided by the OPM, who couldn’t figure out how to attach the buckle to the belt before the Chinese saw either. Yay?

    Nope, that doesn’t make me feel any better after all.

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