To be fair, it is fairly common practice for companies, as well as political organizations, to announce bad news late Friday and good news early Monday.A fund manager pointed out something very interesting on CNBC yesterday. Equifax choose to release news of this hack after the market closed Friday a week ago. Why? One can only guess (but one guess could be to keep the market from having a violent reaction; giving a weekend for the news to "dissipate" before Monday morning at 9:30).
Yesterday, again after the market closed for the weekend, they announced the "retirement" of some top managers.
I have a degree in History. I work in banking. It gives me a unique insight into being able to tell people what happened to their money.
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Listen, it's fine. Just keep your credit to debt ratio (DTI) around 45% and nobody will want to steal your identity. Borrow money at a lower rate and invest in something lucrative, like lead ingots.
BUT here's what has prevented me from falling to gas station skimmers:
Get a Shell Debit Card. It gives you a 2 cents per gallon discount every time you use it. Shell is an excellent product with stations in almost every state. You can also sign up for Fuel Rewards and get another 5-up cents per gallon off. Been using both for years:
If someone broke into my house to steal money I'd just laugh and help them look.
My Systems Programmer earned her degree in Zoology, as did my Dentist.
Just like the US Government has their weekly info dumps as DC heads out of town.To be fair, it is fairly common practice for companies, as well as political organizations, to announce bad news late Friday and good news early Monday.
That said, Equifax has handled every step along the way from their initial security through the various steps following discovery and notification, very poorly. The cumulative effect of these blunders is to obliterate any confidence one may have had that this company is being managed by competent people and is a trustworthy repository of confidential data.
It is an unfortunate reality, but in AmeriKa, it is often the psychopath that gets elevated to the pinnacles of corporate power. One thing about a psychopath is they can and will, lie, oftentimes convincingly, without a second thought.CEO has retired. Nothing to do with this massive clusterf*ck, he just wants to spend more time with his family.
I've had my credit frozen for years now. You just need to temporarily unfreeze if someone needs to check your credit, which is done for more things than you would imagine.
www.experian.com/freeze
www.freeze.equifax.com
www.transunion.com/securityfreeze