All THREE of the main credit reporting agencies in the U.S. have leaked data like a sieve. This time, it is TransUnion (4.4 million affected). Equifax had a massive one in 2017 (147 million), Experian in 2015 (15 million) and 2020 (24 million South Africans when the company mistakingly sold that info). Ignore these companies corporate PR word salad and apologies when their incompetence results in these breaches being a source for identify theft.
The executives, management, etc running these companies should be held liable (criminally and financially) but we know they are shielded from this sort of consequences for the most part. Just ONE breach is one too many considering the personal information they have on many people (info that can help the criminals steal peoples identity). The U.S. unfortunately has a now near useless Federal “law enforcement” apparatus since the DOJ and FBI are run by criminals. The legislative branch (Congress) is also now a mostly useless branch of the government as well (they should’ve been enacting stronger legislation years ago with those previous breaches).
As is always the case, TransUnion will offer credit monitoring services (for 2 years) to those affected for free. Additionally, law firms are looking at the usual class action lawsuit (which benefits mainly the lawyers while those who do decide to take part in the class action, will end up with a pittance on the financial compensation side). Like everything else, until the actual executives feel the financial pain, nothing will change with how cavalier these agencies treat the security of this data (the corporate PR spin always sounds good but means little when any such breach occurs).
