Comments
mpouraryan
10/24/2017 1:25:43 PM
User Rank Platinum
Re: Security Spending to Hit $118B
That's the right attitude to have because as someone once said, Worrying about something is when we have nothing better to do!!! :) :)
elizabethv
10/25/2017 8:34:31 AM
User Rank Platinum
Re: Security Spending to Hit $118B
@afwriter -The other places that have been affected by breaches also offered free credit monitoring. In this instance, you get Life Lock, which tosses some if its coins back into the coffers of Equifax. So that they made it easy isn't hard to believe. My husband and I were both affected, he signed up for the credit monitoring, I did not. I started to, but then didn't feel comfortable giving all my info to a company that just had a security breach, that they waiting weeks to say anything about, in the meantime their CEO's dumped a bunch of their stocks. Which actually could have something to do with their stocks already rebounding too. I'm a bit cynical.
srufolo1
10/25/2017 10:43:34 AM
User Rank Platinum
Re: Security Spending to Hit $118B
@elizabethv There are many a criminal hacker who have "rehabilitated" themselves and now work toward the good of uncovering breaches. They've gotten smart and realize they can actually command huge salaries doing so. Here is a story written last October about one such person. https://www.wired.com/2016/10/anonymous-notorious-hacker-back-hes-gone-legit/
afwriter
10/25/2017 10:48:45 AM
User Rank Platinum
Re: Security Spending to Hit $118B
@elizabethv It probably is a false sense of security to have them, but it's something. I personally monitored my credit before the breach and I intend to keep doing so to hopefully catch any identity theft before it gets too bad. I think a lot of companies outside Equifax are starting to be a lot more proactive about credit monitoring in light of the many breaches. I know a lot of credit card companies are stepping up and sights like Credit Karma are also offering free extended protections. Again, they are probably all security blankets, but maybe having a cross stitch of multiple protections will help prevent fraud.
I know a guy who knows a guy who is a millionaire who recently went to get a loan for a new development and the bank denied it because he was being foreclosed on and had a bunch of other faulty loans. He told them they were mistaken and they said no, it's your social. Apparently, it is going to take up to 5 years to get everything straightened out.
JohnBarnes
10/25/2017 10:06:15 PM
User Rank Platinum
Re: Security Spending to Hit $118B
srufulo1, freehe,
Except, of course, that while the right hand of government wants to keep its secrets, the left hand wants to make sure it can know yours (and everyone else's), so the state is eternally locked in an arm-wrestling match with itself.
The great political cartoonist Tom Darcy once pointed out that for several years, tobacco subsidies just about equaled cancer research in federal spending. "To you it may look crazy, but to them, it's balancing the budget!"
elizabethv
10/26/2017 7:57:41 AM
User Rank Platinum
Re: Security Spending to Hit $118B
@afwriter - Oh yeah, getting a social security number stolen is no joke. It happened to a friend of mine a few years ago, and my husband previously was a Finance Officer doing student loans and now he does Mortgages, so he's worked with people who have had it happen to them. Discover gives you a free credit score, and you legally have access to your reports every 3 months I believe it is. I always try to stay on top of those just because I watched what my friend went through a few years ago. There's definitely some piece of mind that comes with any monitoring service. It's why I keep my Discover card around, I love having my credit score every month, and knowing that it isn't doing anything wacky.
srufolo1
10/26/2017 9:29:47 AM
User Rank Platinum
Re: Security Spending to Hit $118B
@afwriter Anyone who uses Credit Karma, as I do, is taking a chance on whether your social security and sensitive information is protected. That site is probably going to be the next one to be hacked. But I hope not.
afwriter
10/26/2017 10:33:40 AM
User Rank Platinum
Re: Security Spending to Hit $118B
@srufolo1 I wish I could argue with you that they probably beefed up security after the Equifax incident, but we both know that you are right.
afwriter
10/26/2017 10:45:21 PM
User Rank Platinum
Re: Security Spending to Hit $118B
Banks being hit would be a nightmare, though it will probably happen eventually. Robbers use keyboards instead of guns and ski masks now.
srufolo1
10/27/2017 11:13:41 PM
User Rank Platinum
Re: Security Spending to Hit $118B
@afwriter Anytime you put your social security number out there on any site, it's a risk. If I didn't need a bank account for some direct deposits, I would close all the accounts and just keep my money in a fire-proof safe at home.
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