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It's a sign of how awful Equifax is that I find myself rooting for the lawfirms in this case. I really hope they win, and that they get the full $70 billion, and that it's enough to shutter Equifax permanently. What a win that would be! Also it would serve as a nice cautionary tale to companies that infosec matters. That insurance for data breaches matters.

Because right now, it's too easy for them to not care. It's us that suffer the consequences, not them. That has to change.




Yes, what a win it would be to simply transfer ownership of Equifax from one party to another in the event of bankruptcy. The business itself would continue and nothing would change.


Investors would get wiped out and many people canned. The signalling value is massive.


If you wipe out the investors, they will start demanding security before investing in a company. And, if you wipe out the stock, you also wipe out big chunks of the compensation of the CEO, CFO, CTO, etc.

Until this starts hitting important people in the wallet, nothing will change.




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