Credit-reporting bureaus have few incentives to be good corporate citizens. Fallout from the Equifax hack may change that.
REFORM
EVEN IN AN ERA when cyber attacks are commonplace, it’s hard to think of one that made bigger fools of consumers and lawmakers alike than the Equifax breach. The credit-reporting agency, which keeps dossiers full of background check–worthy personal information on nearly all American adults, exposed the data of more than 145 million people. That’s nearly half the U.S. population—at least one person in every family, it’s estimated—who are now at greater risk of having their identities stolen, their financial accounts broken into, their credit ruined.
This story is from the November 1,2017 edition of Fortune.
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This story is from the November 1,2017 edition of Fortune.
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